Making the most of the £1,000 property allowance

by | Aug 10, 2026 | Income Tax

The £1,000 property allowance is a helpful for individuals with small amounts of property income. The allowance provides a tax exemption of up to £1,000 a year against gross property income, meaning some landlords may not need to report their income to...

Is your business eligible to use cash basis accounting?

by | Aug 10, 2026 | Income Tax

Cash basis accounting is a simplified method used by sole traders and other unincorporated businesses to work out income and expenses for self-assessment in a straightforward manner.  The cash basis is the default method for calculating income and expenses for...

When do you pay Stamp Duty Land Tax?

by | Aug 10, 2026 | Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT) is a tax that may apply when you buy land or property in England or Northern Ireland. It is important to check whether SDLT applies before completing a purchase, as the tax can represent a significant additional cost. SDLT can apply when you...

Could you save tax by making a Deed of Variation?

by | Aug 10, 2026 | Inheritance Tax

After someone dies, the beneficiaries may find that the way an estate has been distributed does not reflect their wishes or the family’s circumstances. A Deed of Variation can allow beneficiaries to change how inherited assets are passed on and, in some cases,...