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Escaping the HICBC
The High Income Child Benefit Charge (HICBC) is a tax which claws back child benefit where the recipient or their partner has adjusted net income of…
Aug 10
Alternative dispute resolution
The first indication a taxpayer may receive that they are the subject of a tax enquiry or investigation is a letter from HMRC, often headed ‘Notice of…
Aug 8
Reporting a residential property gain
A chargeable gain may arise on the disposal of a residential property which has not been the owner’s only or main residence throughout.
Aug 5
1
Non-resident landlords scheme
The non-resident landlords scheme (NRLS) is a tax deduction scheme for taxing UK rental income of non-resident landlords.
Aug 2
July 2026
Relief for replacement of domestic items
Where a landlord lets a residential property (including from 6 April 2025 onwards, a furnished holiday let), they are not entitled to tax relief when…
Jul 30
SDLT and exchanging the main residence
A supplement applies on top of the residential stamp duty rates where a person has two or more residential properties.
Jul 27
Taking dividends from a property company
Where a property business is operated through a company, the profits need to be extracted if they are to be used personally.
Jul 24
Holiday lets and business rates
The abolition of the furnished holiday lettings regime abolished day counting for tax purposes from 6 April 2025 onwards.
Jul 21
VAT traps for small businesses: Common compliance mistakes
While the rules regarding VAT compliance may appear straightforward at first glance, there are several common pitfalls that can lead to problems which…
Jul 18
Charging interest where a director’s loan account is in credit
A director’s loan account (DLA) is an accounting record that tracks funds owed by a company and its individual directors. Usually, a DLA will be in…
Jul 15
Registering late for self-employment – The tax implications
Having made the big decision to start a self-employed business, there will be countless decisions and administrative tasks to attend to.
Jul 14
Director loans: When borrowing from your company can be expensive
Convention has it that in times of high interest rates, borrowing from your company is invariably more tax efficient than borrowing from other sources…
Jul 12
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