Claiming professional fees and subscriptions

by | Mar 20, 2025 | Income Tax | 0 comments

Did you know you may be eligible for tax relief on professional fees and subscriptions? If your membership is required for your job and the organisation is HMRC-approved, you could claim back tax for up to four years. Find out if you qualify and how to apply. You may...

Tax and Maintenance Payments

by | Mar 13, 2025 | Income Tax | 0 comments

Maintenance Payments Relief reduces Income Tax for those making court-ordered payments to an ex-spouse or civil partner. To qualify, one party must have been born before 6 April 1935. The relief is 10% of payments, up to £428 per year. To qualify for this...

UK residence and tax issues

by | Feb 27, 2025 | Income Tax | 0 comments

The UK's shift to the Foreign Income and Gains (FIG) regime from April 2025 changes how foreign income is taxed. If you are a UK resident, get ready to possibly pay UK Income Tax on all foreign earnings—no more non-dom remittance basis. UK Income Tax is...

Is your extra income taxable?

by | Feb 20, 2025 | Income Tax | 0 comments

HMRC has launched a new "Help for Hustlers" campaign to help people who are earning extra income, figure out if they need to pay tax on the additional earnings. The campaign runs until the end of March and focuses on five key areas where tax might apply:...

Jointly owned property – no partnership

by | Feb 13, 2025 | Income Tax | 0 comments

Tax on rental income from jointly owned property depends on ownership shares, unless part of a partnership. Married couples default to a 50/50 split unless they notify HMRC of a different income allocation based on actual ownership proportions. When property is...