Capital Gains Tax Articles

Reporting property gains

Have you recently sold a UK residential property? If so, you may have to act quickly. Reporting property gains to HMRC has strict time limits, and missing them can be costly. Below, we explain your obligations and how to stay on the right side of the rules.   Reporting property gains within 60 days If you sell a UK residential property, you usually need to report the disposal to HMRC within...

Money and property after divorce

Agreeing a fair financial settlement When a couple divorces or separates, they must agree how to divide their finances. Money and property after divorce can cover a wide range of assets. Typically, these include: The family home and any other property Pensions built up by either party Savings, investments and business interests Ongoing maintenance payments Wherever possible, reaching agreement...

Incorporation Relief may reduce your CGT bill

How Incorporation Relief may reduce your CGT bill When a sole trader or partnership transfers a business to a limited company, a chargeable gain may arise. Usually, HMRC compares two figures to work this out. Specifically, it compares the market value of the business assets at incorporation with their original cost. Without any relief, Capital Gains Tax (CGT) would normally apply to this gain....

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
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