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Can I Claim the Cost of Traveling to Work Against my Taxable Income?
Last updated: 18 October 2026 Can you claim the cost of travelling to work against your taxable income? Not for ordinary commuting. Travel between your
Can I Continue to Contribute to My Tax-Free ISAs in the UK?
Last updated: 14 October 2026 Can you keep paying into your ISA if you move abroad? You can keep your existing ISA and its tax-free
Can I Deduct the Rest of my Capital Allowances Pool Till April 2010?
Last updated: 18 October 2026 What happens to your capital allowances pool after the furnished holiday lettings rules ended? The furnished holiday lettings (FHL) regime
Can I Do Anything to Avoid Inheritance Tax Before the End of Tax Year?
Last updated: 14 October 2026 What can you do to reduce inheritance tax before the end of the tax year? Before 5 April, use the
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?
This question was answered for the 2018/19 tax year, which can no longer be claimed for. For how to claim overpaid tax now, see our
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?
Last updated: 14 October 2026 What are the tax rules for gifting inherited money to your children? Giving inherited money to your children is usually
Can Joint Bank Account Income Always be Divided Individually?
Last updated: 14 October 2026 Is interest on a joint bank account always split equally? For married couples and civil partners living together, HMRC treats
Can the Company Claim Tax Relief?
Last updated: 18 October 2026 Can a company get tax relief for paying for an employee’s wedding gift? Yes, the company can usually deduct the
Can the Company Pay me to Attend a Presentation Skills Course?
Last updated: 14 October 2026 Can your company pay for you to attend a presentation skills course? Yes, and it’s usually tax-free for you and
Can We Reclaim Inheritance Tax if Assets Sold for Less?
Last updated: 14 October 2026 Can you reclaim overpaid inheritance tax? Yes, in several situations. If an estate’s shares were sold for less than their
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
Last updated: 16 October 2026 What are the ISA reforms? From 6 April 2027, the cash ISA limit for savers under 65 falls to £12,000
Chancellor Considers a New Property Tax to Replace Stamp Duty
Last updated: 14 October 2026 Is there a proportional property tax on homes worth over £500,000? No. In 2025 there were press reports that the
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?
Last updated: 16 October 2026 Can a company deduct taxi fares, and are employees taxed on them? A company can usually deduct the cost of