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Tag: Christmas Side Hustles: When Does HMRC Tax Your Income?

Christmas side hustles tax UK 15/Dec/2025
Christmas Side Hustles: When Does HMRC Tax Your Income?

Turning Festive Fun into Extra Income As Christmas approaches, many people look to earn extra money through seasonal activities. From selling handmade cards and gifts at Christmas markets to listing […]

Spread tax payments HMRC 10/Dec/2025
How to Spread Your Tax Payments When You Can’t Pay Your Tax Bill

Struggling to Pay Your Tax Bill? Here Are Your Options If you find yourself unable to pay your tax bill by the usual deadline, HMRC offers several ways to spread […]

Tax relief on unpaid rent for landlords 08/Dec/2025
How Landlords Can Claim Tax Relief on Unpaid Rent in the UK

Tax Relief for Unpaid Rent With the current economic pressures, many tenants are finding it difficult to keep up with rent payments. As a result, landlords may face financial loss […]

Tax relief for tenant damage 04/Dec/2025
Tax Relief for Landlords: Claiming Costs for Tenant Damage Explained

Understanding the Issue Damage to rental properties caused by tenants—or even their pets—is unfortunately common. In many cases, landlords end up paying for repairs themselves. A key question arises: can […]

Renters’ Rights Act 2025 for landlords 01/Dec/2025
Understanding the New Costs for Landlords Under the Renters’ Rights Act 2025

Introduction to the Renters’ Rights Act 2025 The Renters’ Rights Act 2025 became law on 27 October 2025 after receiving Royal Assent. Although the Act has now been approved, it […]

Community Infrastructure Levy for home extensions 26/Nov/2025
Community Infrastructure Levy (CIL) Guide for Home Extensions

What is the Community Infrastructure Levy (CIL)? The Community Infrastructure Levy (CIL), often referred to as the “extension tax”, has recently become a concern for many homeowners. As highlighted by […]

Tax relief on pre-letting property improvements 20/Nov/2025
Understanding Tax Relief on Pre-Letting Property Improvements

Preparing a Property Before Letting When a landlord buys a property with the intention of renting it out, some level of work is often required before the first tenant moves […]

Tax relief on buy-to-let sale expenses 18/Nov/2025
Tax Relief on Buy-to-Let Property Sale Expenses: What Landlords Can and Cannot Claim

Selling a buy-to-let property has become a common choice for many landlords, especially with recent tax changes and the reduced protections introduced under the Renters’ Rights Bill. But in today’s […]

Understanding Marginal Relief on Corporation Tax for 2024–25 11/Nov/2025
Understanding Marginal Relief on Corporation Tax for 2024–25

Overview The rate of corporation tax a company pays depends on the level of its taxable profits. For the financial years 2024 and 2025, companies with lower profits benefit from […]

Pay tax through PAYE 10/Nov/2025
File Early to Spread Your Tax Bill Through Your Tax Code

If you file a Self Assessment tax return, the usual deadline for the 2024/25 tax year is 31 January 2026.However, there’s an advantage to filing earlier — by 30 December […]

Unclaimed Child Trust Fund 06/Nov/2025
Could You Have an Unclaimed Child Trust Fund Waiting for You?

Thousands Yet to Claim Their Funds According to a recent update from HMRC, around 758,000 young people aged between 18 and 23 in the UK still haven’t claimed their matured […]

Withdraw pension to avoid IHT 04/Nov/2025
Should You Take Out Your Pension Early to Avoid Future Inheritance Tax?

Proposed IHT Changes for Pension Pots The government has released draft legislation for the upcoming Finance Bill that could bring unused pension pots within the scope of inheritance tax (IHT) […]

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