Making Tax Digital for landlords - AccounTax Zone

Making Tax Digital for landlords

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced from 6 April 2026 From the outset, it will apply to unincorporated …

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Making use of the property allowance - AccounTax Zone

Making use of the property allowance

It is possible to enjoy tax-free income from property, even if you have already used up your personal allowance. This is because the property allowance …

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What to do if you receive one of HMRC's nudge letters - AccounTax Zone

What to do if you receive one of HMRC’s nudge letters

HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total …

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Tax implications of buying a customer list - AccounTax Zone

Tax implications of buying a customer list

Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to build their own client base …

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Marriage allowance – A possible tax break for married couples or civil partnerships - AccounTax Zone

Marriage allowance – A possible tax break for married couples or civil partnerships

Despite 4.2 million couples being eligible for the tax break, only 1.8 million are claiming the marriage allowance (MA) – a benefit worth £252 a …

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Capital gains tax year-end planning - AccounTax Zone

Capital gains tax year-end planning

No one wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is …

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Have you used your 2023/24 dividend allowance - AccounTax Zone

Have you used your 2023/24 dividend allowance?

As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your …

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Cash basis extended - AccounTax Zone

Cash basis extended

If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals, you can use …

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National Insurance cut for employees and directors - AccounTax Zone

National Insurance cut for employees and directors

In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from 12% to 10%. …

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NIC payable by the self-employed from April 2024 - AccounTax Zone

NIC payable by the self-employed from April 2024

The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set to change from April 2024 …

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Beware property PM partnerships involving hybrid arrangements - AccounTax Zone

Beware property PM partnerships involving hybrid arrangements

HMRC have recently published a spotlight warning landlords to avoid schemes offering hybrid property arrangements that purport to save tax. HMRC’s view is that the …

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Divorce and the former marital home - AccounTax Zone

Divorce and the former marital home

On separation or divorce, it is common for one spouse to move out of the family home and for the other spouse to continue to …

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