News & Knowledge

Learn with Tailored Accounting. We share our expertise.

General

How Council Tax is calculated

To calculate your Council Tax, you need to know the following:

The valuation band of your property in England, Wales, or Scotland
The amount your local council charges for that band
Whether you

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Capital Gains Tax

Changes to CGT Investors’ Relief

The rate of Capital Gains Tax (CGT) for Investors’ Relief will rise from 10% to 14% for disposals made on or after 6 April 2025. It will then increase further to 18% for disposals made on or after 6

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HMRC notices

Gifts of land and buildings to charities

There are special rules in place for taxpayers who make gifts of land and buildings to charity. This can include Income Tax and Capital Gains Tax (CGT) relief provided all the necessary conditions are

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Inheritance Tax

Seven year rule still applies – IHT PETs

There are specific rules regarding the liability to Inheritance Tax (IHT) on gifts made during a person’s lifetime. In most cases, gifts made during a person’s life are not taxed at the time they are

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Income Tax

Landlords with undeclared Income

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

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Value Added Tax

Approaching the VAT registration threshold

When approaching the VAT registration threshold there are important matters to consider. The VAT registration threshold is the point at which businesses must register for VAT with HMRC.

A business

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