IHT: when the 7-year rule becomes the 14-year rule
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IHT: when the 7-year rule becomes the 14-year rule
Posted by Ian Henman on February 29, 2024

Inheritance Tax (IHT) planning is more crucial than ever. The tax-free thresholds have remained static for some time, while inflation is pushing increasing number of estates into IHT. Indeed, Inheritance Tax receipts are at record levels and rising. For this reason, many more people are becoming familiar with the 7-year rule to help reduce their

MTD for Income Tax to cost sole traders and landlords £350
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MTD for Income Tax to cost sole traders and landlords £350
Posted by Karen Jones on February 26, 2024

HMRC has released figures that estimate how much it will cost sole traders and landlords to implement and comply with MTD for Income Tax.

HMRC does a U-turn on double cab pick-ups
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HMRC does a U-turn on double cab pick-ups
Posted by Mark Ingle on February 22, 2024

The government has withdrawn new rules that would have make double-cab picks ups a much more expensive option for company fleets.

Right to Rent non-compliance fines have increased
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Right to Rent non-compliance fines have increased
Posted by Jon Pryse-Jones on February 15, 2024

If you fail to check a tenant’s right to rent or an employee’s right to work in the UK, you could now face significantly higher fines.

HMRC clamps down on unpaid dividend tax
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HMRC clamps down on unpaid dividend tax
Posted by Karen Jones on February 12, 2024

HMRC is writing to business owners it believes have failed to declare and pay dividend tax. We tell you what you need to know.

Contribute to your partner’s retirement and get pension relief
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Contribute to your partner’s retirement and get pension relief
Posted by Jon Pryse-Jones on February 8, 2024

Did you know that you can contribute to a partner’s or child’s retirement fund and get significant pension tax relief? We explain how.

State pension age to rise further?
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State pension age to rise further?
Posted by Ben Locker on February 5, 2024

Soon the state pension age will rise to 67. Yet new research suggests it will need to rise to 71 by 2050. When will you be able to retire?

How to pay CGT the easy way
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How to pay CGT the easy way
Posted by Jon Pryse-Jones on February 1, 2024

If you need to pay CGT on items other than property, there are two ways to do it. Surprisingly, many people fill in a tax return needlessly.

HMRC repays £38m in pension tax
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HMRC repays £38m in pension tax
Posted by Karen Jones on January 29, 2024

In the last quarter of 2023, the taxman repaid £38 million in overpaid pension tax. We help you understand whether you’re due a refund.

Pension tax relief – are you making the most of it?
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Pension tax relief – are you making the most of it?
Posted by Jon Pryse-Jones on January 18, 2024

Even though the tax burden is the highest it has been since the Second World War, there’s still one generous tax break – pension tax relief.

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