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The Marriage Allowance if circumstances change

The Marriage Allowance if circumstances change

Married couples and civil partners could save up to £252 a year by transferring part of one partner’s unused personal allowance to the other, but you may need to cancel the claim if your income or relationship status changes. The Marriage Allowance...
Inheritance Tax and CGT relief for national heritage assets

Inheritance Tax and CGT relief for national heritage assets

Certain buildings, land, works of art, and other objects of national significance may be exempt from Inheritance Tax and Capital Gains Tax (CGT) when they are transferred to a new owner. This exemption applies under a special tax relief for national heritage assets...
Check if you can cash in a Child Trust Fund

Check if you can cash in a Child Trust Fund

HMRC has issued a press release urging 18-23 year olds who have yet to claim their Child Trust Fund (CTF) cash to do so as soon as possible. According to HMRC, over 758,000 young adults in this age group have unclaimed funds, with the average savings pot estimated to...
Understanding the tax implications of divorce

Understanding the tax implications of divorce

When a couple is separating or undergoing divorce proceedings, tax issues are often not the first thing on their minds. However, alongside the emotional challenges, it is important to understand the tax implications of divorce can have a significant impact. Changes to...
Tax Diary November/December 2025

Tax Diary November/December 2025

1 November 2025 – Due date for Corporation Tax due for the year ended 31 January 2025. 19 November 2025 – PAYE and NIC deductions due for month ended 5 November 2024. (If you pay your tax electronically the due date is 22 November 2025.) 19 November 2025...