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Can I Claim the Cost of Traveling to Work Against my Taxable Income?
Can I claim the cost of traveling to work against my taxable income? If you are a permanent employee based at one site the
Can I Continue to Contribute to My Tax-Free ISAs in the UK?
I am about to move abroad, for what I hope will be a permanent relocation. Can I continue to contribute to my tax-free ISAs in
Can I Deduct the Rest of my Capital Allowances Pool Till April 2010?
About three years ago I converted a barn into two attractive cottages, which I have since let as furnished holiday lets. Much of the expenditure
Can I Do Anything to Avoid Inheritance Tax Before the End of Tax Year?
Is there anything I should do before the end of the tax year to save on inheritance tax? If you have not made any
Can I get any tax relief for the money that was used to repay the overdraft?
I paid off my company’s overdraft with my own money, to allow the company to be closed down using the informal extra-statutory C16 procedure. Can
Can I Get my Money Back for Overpaying Tax in 2018/19?
Q. I have prepared my 2022 tax return for submission but on reviewing previous returns I found that I made an error when completing the 2018/19
Can I pass on recently inherited cash (£10k) from my mum to my kids as a gift from surplus income (as I don’t need it), and avoid inheritance tax?
Q: Can I pass on recently inherited cash (£10k) from my mum to my kids as a gift from surplus income (as I don’t need it),
Can Joint Bank Account Income Always be Divided Individually?
Next tax year I will lose £1 of my personal allowance for every £2 of my taxable income that exceeds £100,000. To avoid this loss
Can the Company Claim Tax Relief?
Q. I am the director of my company and one of my employees is getting married next month. I want to pay for the cost of
Can the Company Pay me to Attend a Presentation Skills Course?
I have just started my own company to provide consultancy services. Can the company pay for me to attend a presentation skills course? Will the
Can We Reclaim Inheritance Tax if Assets Sold for Less?
Q: We’ve sold inherited assets at less than the estate valued them at but have already paid the Inheritance tax (IHT) based on the higher valuation.
Capital Gains Tax – Your Main Residence May Not Be Tax-Free
The sale of every property is potentially taxable under the Capital Gains Tax (CGT) rules. When an individual sells their only or main residence, generally
Capital Gains: Investors’ Relief Limit Cut Among Changes Revealed
One of the headline areas of tax reform in the Autumn Budget surrounded Capital Gains Tax. With rates altered by the Chancellor, it was one
Car Tax Update Sees a 400% Hike in Costs for Some
Since April 2025, HMRC has reclassified double cab pick-up trucks as cars rather than commercial vehicles. Previously, pick-ups with payloads over 1,000kg were taxed as
Chancellor Adds More Fuel to ISA Reform Fire
After much rumour and conjecture, it seems that some potentially significant changes to ISAs (Individual Savings Accounts) are on the way. We heard a lot
Chancellor Considers a New Property Tax to Replace Stamp Duty
Chancellor Rachel Reeves is exploring a new proportional property tax targeting homes worth over £500k. This would replace stamp duty for owner-occupied homes, but not
Christmas Company Parties – Cause for Cheer
With Christmas soon arriving, you may be planning a festive party for your employees or on behalf of the company you work for. It sometimes
Claiming Relief for an Old Tax Return Error
Generally, the time limit for amending a tax return is one year from the due date. But sometimes, it transpires that the tax calculation is
Claims that the Chancellor’s U-Turns Cost £3bn of Headroom
Chancellor Rachel Reeves is reported to have already used up to £3bn of the £22bn fiscal headroom she set out in her November Budget. The
Companies May Deduct Taxi Price, But are Employees Taxed on it?
My employees are occasionally required to work late in the evening. If I pay for taxis to take them home is that cost tax allowable