Latest blogs for Services

Thinking of offering your property for short term lets? Planning permission may be required.   What’s Changing? From this summer the Government will introduce legislation to require owners of new short term lets in England to secure planning permission to use their properties for this purpose. You will need to be aware of this requirement…

If you owed Income Tax or Capital Gains Tax via Self Assessment for the 2022/23 tax year, this should have been paid by 31 January 2024. Interest will be accruing on any unpaid tax at a staggering rate of 7.75%.     If you cannot pay your Self Assessment tax bill and need help, you…

*An update on this has since been posted. Click here to read the updated information.*     The tax treatment of double-cab pick-up trucks is set to change with effect from 1st July 2024, and will see the vehicles lose their status as ‘commercial vehicles’ when it comes to company car taxation. This could see…

Thinking of selling your garden? Then make sure you read this…   You may be thinking of selling off some surplus land to a developer. If this is part of your garden, you might be thinking it’s tax free because it’s attached to your home. However, before you agree any sale, it’s important to understand…

If you have missed the 31st January 2024 Self Assessment Tax Return deadline (one of the 605,849 who did) for your 2022/23 tax return, you may be unsure as to what to do next. We are here to help you submit your late return and answer any questions you may have on the matter.  …

Since The Economic Crime and Corporate Transparency Act (ECCTA) received royal assent in October 2023, a number of measures have since been rumoured. Companies House have now announced the below provisions that are planned to come into force on 4th March 2024. These changes hinge on the secondary legislation passing through parliament and will not come into…

The recent First Tier Tribunal case of Patwary (https://caselaw.nationalarchives.gov.uk/ukftt/tc/2024/53) considered the burden of proof that a property was a only/main residence for tax relief purposes.   The availability of Private Residence Relief (PRR) available on your only/main residence is one of the most valuable Capital Gains Tax (CGT) tax relief’s available.   PRR will exempt…

Issue 4 of our Property Matters Newsletter is out now!   What to expect from Issue 4: Where Does HMRC Get Information? Types Of Ownership: Property or Land Rent-a-Room Selling Your Garden – Tax Implications     Click here to read our Property Matters Newsletter: Issue 4.     Get In Touch For more information…

In 2016 the government launched a trial scheme to payroll benefits. The purpose of this was to make the declaring and paying tax on benefits easier in comparison to submitting annual P11D forms and also to provide HMRC with real time information.   Due to the regulations HMRC put in place at the time, it’s…

Could your Self-Assessment Tax be reduced?   For those clients that prepare self-assessment personal tax returns, 31 January is usually tax payment day. This tax will primarily be based on your personal income for the tax year ended 5 April 2023, potentially made up of 2 components:   The balancing payment for 2022/23 (total 2022/23…