Tax Talk

Settlement legislation – an overview

Date posted: 1st Nov 2025

If you want to give assets to a family member, tax rules called settlement legislation might still treat any income as yours when it comes to paying tax….

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Enterprise Investment Scheme – what is it?

Date posted: 1st Nov 2025

The Enterprise Investment Scheme, or EIS for short, is all about helping small, risky businesses get the cash they need by giving investors some tax breaks when they…

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Tax implications of letting a room in your home

Date posted: 1st Oct 2025

As the cost of living rises, you may consider letting a room in your home to bring in some much-needed additional income. This can be tax efficient as…

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Repairs to a let property – what is deductible?

Date posted: 1st Oct 2025

The nature of buildings is such that it may be necessary to undertake significant repairs, such as the replacement of the roof, or even underpinning the property in…

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HMRC Restarts Direct Recovery of Debts

Date posted: 1st Oct 2025

HMRC has announced that it is restarting the use of its Direct Recovery of Debts (DRD) powers, which allow the tax authority to recover unpaid tax directly from individuals’ bank…

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Electric company vehicles – advisory fuel rates update

Date posted: 1st Oct 2025

Advisory fuel rates are used when either: The employer needs to reimburse employee for costs the employee has incurred for business travel in their company cars. For the…

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Selling a second home or buy to let property – don’t forget the CGT reporting requirements!

Date posted: 1st Oct 2025

HMRC is reminding property sellers about the vital 60-day reporting requirement for Capital Gains Tax (CGT) on UK residential property. If a UK resident sells UK land or…

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Higher rate taxpayers – are you missing out on tax relief for pension contributions?

Date posted: 1st Oct 2025

From 1 September 2025, HMRC has introduced new evidence requirements for non-self-assessment taxpayers claiming pension tax relief. All claims must now be made either online or by letter,…

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HMRC to begin reviewing private use claims made by sole traders, partnerships and landlords

Date posted: 4th Sep 2025

It is understood that after a successful campaign that raised over £27m in tax, HMRC will begin to widen their efforts to ensure that sole traders and partnerships…

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Tax implications of writing off a director’s loan

Date posted: 4th Sep 2025

Personal and family companies often make loans to directors. However, there can be tax and National Insurance implications of doing so. Where the loan remains outstanding nine months…

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