Landlord tax and National Insurance considerations

by | May 21, 2026 | HMRC notices

When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is generally taxable. For individuals, the first £1,000 of rental income is tax-free under the property allowance. Where...

Meaning of trade for tax purposes

by | Feb 26, 2026 | HMRC notices

The meaning of trade for tax purposes, often referred to as HMRC’s “badges of trade” test helps determine whether an activity is a genuine business or simply a personal hobby. While the test is not definitive, it provides important guidance on how...

Tax and property when you separate or divorce

by | Feb 12, 2026 | HMRC notices

When a couple separates or divorces, most attention focuses on the emotional and practical aspects. However, it is important to consider the tax implications of transferring assets, as these can have significant financial consequences if not managed carefully. It is...

VCT and EIS changes

by | Dec 11, 2025 | HMRC notices

The new rules will allow companies to raise more capital under the following schemes although investors will need to factor in reduced VCT Income Tax relief when assessing opportunities. The Venture Capital Trusts (VCT) and Enterprise Investment Scheme (EIS) are...