Latest Blogs

02/09/2025

IHT charge on unused pension benefits

From 6 April 2027, inheritance tax will be payable where someone’s estate at death includes unused pension funds or death benefits.

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02/09/2025

Paying sufficient salary to get a qualifying year for state pension purposes

Find out what is the minimum salary needed for 2025/26 to be a qualifying year for state pension purposes.

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02/09/2025

Major repairs to a let property – what is deductible?

In determining whether a deduction can be made in calculating rental profits, it is necessary to ascertain whether a repair is revenue or capital. 

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12/08/2025

Tax implications of writing off a director’s loan

Personal and family companies often make loans to directors. However, there can be tax and National Insurance implications of doing so.

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12/08/2025

Using former FHL losses

From 6 April 2025, furnished holiday lets are treated in the same way as other lets for tax purposes.

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12/08/2025

Tax-free trivial benefits

The tax exemption for trivial benefits is a useful one as it allows employers to provide certain low-cost benefits to employees without an associated tax or National Insurance liability, such as Christmas or birthday gifts. However, not all benefits qualify, and there are some pitfalls to be wary of.

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07/07/2025

Capital allowances for cars

Cars are a special case when it comes to capital allowances. While capital allowances may be claimed on cars used in a business, partners and sole traders have the option of using the simplified expenses system instead.

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02/07/2025

Making a loan from a personal company to family

There are many possible situations in which a person may make a loan to a family member. Where the parent has a personal or family company and there are unextracted profits in the company, it may seem sensible for the company to lend the money rather than for the parent to do so personally. However, this may have tax consequences.

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