As expected, in the Spring Budget 2024 ,  the Chancellor has found wriggle room in his fiscal rules that have allowed him to please his fellow Conservatives by reducing the impact of taxation. Not an unfamiliar tactic for a government... read more

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes. In order to qualify as a furnished holiday letting, the following criteria need to be met: The property... read more

One in seven UK adults have never checked their pension; and more than a fifth of pension savers admit they don’t check their pensions annually because they don’t know what they should be doing. While it’s not essential to monitor your... read more

SummaryThe Chancellor of the Exchequer, Jeremy Hunt, has delivered his 2023 Autumn Statement to the House of Commons. The government continues to be faced with challenging economic conditions as the cost of living crisis continues to affect many families across... read more

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities whether due to misunderstanding of the tax rules or... read more

You can usually claim tax relief for pension contributions that you pay. There is an annual allowance for tax relief on pensions of £60,000 for the current 2023-24 tax year. The annual allowance was £40,000 in 2022-23. There is a three... read more

Filing tax returns early makes sense for several reasons. The 2022-23 tax year ended on 5 April 2023 and the new 2023-24 tax year started on 6 April 2023. Many taxpayers will be happy to leave dealing with their 2022-23 tax... read more