What Expenses Can Landlords Claim Back? | UK Landlord Allowable Expenses 2025
Executive Summary: The Landscape of UK Landlord Taxation in 2025/2026 The effective management of property taxation in the 2025/2026 tax year hinges on strict adherence to established HMRC principles and strategic adaptation to recent legislative changes. For UK landlords, allowable expenses provide the primary mechanism for reducing taxable rental profit. However, these deductions are governed […]
Job Retention Bonus Scheme Gets Further Guidance From HMRC
HMRC has provided further guidance for the Job Retention Bonus including the eligibility criteria and when you can claim the bonus. How Can You Claim The Bonus? A one-off payment of £1,000 for every eligible employee furloughed or continuously employed until at least 31 January 2021 can be claimed by you or your clients. It can be […]
Buying an Electric Car? You May Find This Useful!
Interest around electric cars is gaining momentum as different companies choose to buy vehicles after the onset of new rules from April 2020. However, there are certain points that need to be addressed for better awareness before individuals and entities embark on buying electric cars through their company. How will the new rules for electric […]
How to Apply for a Certificate of Residence?
A certificate of residence (CoR) is used to help individuals and organizations obtain tax relief on foreign income where they are classified as UK residents and there is a Double Taxation Agreement (DTA) in force with the country concerned. You can claim tax relief in another country if you have a CoR and pay tax […]
Handling Pension Affairs of a Deceased Loved One
Losing a loved one can be completely divesting and there are several issues that need to be taken care of. From an emotional as well as practical standpoint, this is a huge loss that requires immediate attention from the deceased’s family members. In this piece, we mention some crucial information that can help you with the […]
Non-Residents to Pay Capital Gains Tax on Sales of UK Residential Property
Becoming non-resident and death have traditionally been some of the best pieces of basic Capital Gains Tax (CGT) planning. However, now non-residents will pay capital gains tax on sales of UK residential propertySadly enough, there are no valuation bands to determine the charge to be paid and there is no relief available from the charge […]
How is UK Tax Calculated? Philosophy and Significance
UK Tax; Philosophy and History For centuries one of the key functions of Parliament has been raising money, originally at the request of the monarch but more recently, in order to support the machinery of the Government. An important development in how Parliament scrutinises the Executive was the creation of Departmental Select Committees in the […]
What is a Corporate Tax Residency and What Information Do Entities Need to Provide?
What Is The Concept Of A Corporate Tax Residency? Corporate tax residency is a concept used by the UK government to determine whether to treat businesses operating in the UK as residents on non-residents. Which companies are treated as UK residents? Generally, UK incorporated companies are treated as UK residents. Additionally, companies incorporated overseas are […]
Are You Looking to Switch Accountants? Follow These 5 Steps
Most clients and businesses are usually unaware of how to switch accountants they are unsatisfied with. As your accountant holds a lot of business information, things can get complicated once you decide to look for a new accountant – especially when you are entirely dependent upon them. Fortunately, you can make this transition hassle-free for […]
How To Create Your Government Gateway Account?
Setting up Government Gateway Account A Government Gateway user ID is a series of 12 digits that you can use to access the UK government’s secure online services including the HMRC portal. Follow the steps below to create your Government Gateway Account: Step 1. Go to HMRC’s Login Page Visit HMRC’s login page by visiting […]
