Passing on the investment property
A landlord will need to consider whether it is better to pass on an investment property during their lifetime or on their death. Here, we look at the associated tax…
How is relief given for pension contributions?
Pension contributions benefit from tax relief. However, the amount of the relief is capped at the lower of 100% of earnings (or £3,600 where this is higher) and the available…
Approved mileage allowance payments
The approved mileage allowance payments (AMAP) system allows employers to make tax-free mileage allowance payments to employees who use their own vehicles for work. The payment is tax-free as long…
Cash basis for landlords
As for unincorporated trading businesses, the cash basis is the default basis of accounts preparation for landlords running an unincorporated property business. However, unlike traders, landlords can only use the…
Extracting profits as rent
Where a business is run through a personal or family company, the directors/shareholders will need to extract profits if they are to be used personally. There are various ways in…
Utilising the property allowance
The property allowance is essentially an additional personal allowance for income from property. It allows individuals to enjoy property income of up to £1,000 each tax year free of tax…
Working From Home Tax Relief Changes from April 2026: What You Need to Know
Working From Home Tax Relief Changes from April 2026 Working from home is now a normal part of working life across the UK. However, significant tax changes coming into force…
Key Changes & Deadlines Post Budget
As the end of the 2025/26 tax year approaches, individuals and businesses should take advantage of available tax reliefs and prepare for upcoming changes from April 2026 onwards and into…
Making Tax Digital (MTD) for Income Tax: What You Need to Know from April 2026
Making Tax Digital (MTD) for Income Tax is being phased in from 6 April 2026 and will significantly change how self-employed individuals and landlords report their income to HMRC. HMRC…
Online platforms to share sales data with HMRC
While information about individuals’ earnings is now being shared with HMRC, tax rules around online selling have not changed Online platforms, including eBay, AirBnB and Amazon, have started sharing information…