In her 2025 Budget the Chancellor announced the end of tax deductions for “non-reimbursed homeworking expenses”. Will the loss of the deduction affect you and is there an alternative tax relief you can take advantage of? Job expenses The Chancellor’s...
Tax rules for non-domiciled residents From 6 April 2025, non-domiciled residents or ‘non-doms’ in the UK will experience a tougher tax environment under new tax rules proposed by the Government. Previously, non-doms have had the benefit of exempting their foreign...
As the self-assessment deadline approaches, many individuals and businesses find themselves grappling with the complexities of tax returns. Completing your self-assessment accurately and on time is crucial to avoid penalties and ensure compliance with tax laws. Here...
Tax Changes For Furnished Holiday Lets The government has issued draft legislation to abolish the special tax treatment for furnished holiday lettings from 6 April 2025 for individuals and from 1 April 2025 for corporation tax. What is a furnished holiday let? A...
Capital gains tax explained Capital gains tax (CGT) is the tax on the profit you make when you sell or ‘dispose of’ an asset that has increased in value during your ownership. It is important to note that the tax is levied only on the gain made from the sale, not the...
Personal tax planning in 2024/2025 Navigating your finances with confidence Our guide to personal tax planning 2024/2025 is designed with your needs in mind. It provides clear, practical advice to help you optimize your tax situation. The foundation of...
