A liquidation payment is not automatically taxed as capital. Owners continuing a similar activity need to examine all four conditions, including the income-tax purpose test. ... keep reading
Wealth Protection Report
Practical tax planning for your wealth, property and business.
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Tax articles & analysis
View all articles →Our archive spans several tax years. Check each article's publication date; older analysis may describe rules that have since changed. New planning guides appear alongside the historical archive.
Spouses and civil partners cannot choose a rental-income percentage merely by entering it on a return. Check beneficial ownership, matching income rights and the 60-day receipt deadline. ... keep reading
HMRC says the reduced charge applies to qualifying over-cap home-purchase withdrawals from 29 October 2026. Check the net deposit and the provider's process before releasing funds. ... keep reading
A beneficiary may be able to redirect an inheritance with special tax treatment. The deadline runs from death, and the document, consent and tax statements need care. ... keep reading
HMRC's October bulletin explains the CSOP rebrand and proposed April 2027 improvements. Existing options and future disqualifying events need different transitional checks. ... keep reading
The Budget would triple the trading allowance from April 2027. Small business owners should still calculate current gross receipts and compare the allowance with actual expenses. ... keep reading
The extended no-gain/no-loss rules give separating spouses and civil partners more time, but court dates and settlement documents still matter. The receiving person also needs the asset's tax history. ... keep reading
The Budget promises quarterly-update penalty relief for the April 2027 intake and further exemptions. Establish which group you belong to before changing your reporting timetable. ... keep reading
The £2 million home surcharge is a future charge, but the government has now confirmed more of its design. Review legal ownership, valuation evidence, empty-property use and possible payment deferral. ... keep reading