Tax relief
Why Evidence Matters for Tax Relief Claims
April 1, 2026Why Evidence Matters for Tax Relief Claims The excuses HMRC won’t accept What do the following statements have in common? “My wife has been seeing aliens.” “My mother-in-law is a witch and put a curse on me.” “I fell in with the wrong crowd.” These were all real excuses given to HM Revenue and Customs
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Bad Debts and Tax Relief: What Every Business Needs to Know
September 7, 2025Bad Debts and Tax Relief: What Every Business Needs to Know Bad debts are more than just a frustrating part of doing business—they can severely damage your cashflow and profitability. And with the average UK business debt now standing at £365,375 per company (according to Swoop Funding’s 2025 report), it’s more important than ever to
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Can You Claim Capital Gains Tax Relief on Selling Your Garden?
August 11, 2025Can You Claim Capital Gains Tax Relief on Selling Your Garden? Private Residence Relief (commonly referred to as PRR or PPR) is a widely known tax break that shields many homeowners from capital gains tax (CGT) when they sell their only or main residence. However, the legislation is complex, and certain cases — particularly involving
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Can You Still Claim Relief?
August 9, 2025Capital Gains Tax and Job-Related Accommodation: Can You Still Claim Relief? You bought a property with every intention of moving in — but then work had other plans. Perhaps your job required you to live elsewhere, and now, as you prepare to sell that property, you’re told that capital gains tax may apply because you
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Accelerating Tax Relief When Upgrading Business Equipment
August 6, 2025Accelerating Tax Relief When Upgrading Business Equipment: What You Need to Know If your company is upgrading its IT or other business equipment, you’re probably already aware that you can claim tax relief for the cost. But what happens if you sell or dispose of the old kit? And is there a way to improve
Read More What Tax Relief Is Available on Loans and Interest?
July 24, 2025Funding a Business: What Tax Relief Is Available on Loans and Interest? At some point in the life of nearly every business, additional funding becomes necessary. Whether you’re just starting out or looking to expand, securing finance—through personal funds, bank loans, or investment—is a key part of business development. But alongside the financial planning comes
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Are You Missing Out on Up to £2,000 Per Child?
July 17, 2025Tax-Free Childcare: Are You Missing Out on Up to £2,000 Per Child? With the start of school on the horizon for many young children, it’s an ideal time for parents to review what financial support they’re entitled to. One often overlooked but highly valuable option is the government’s tax-free childcare scheme, which helps working families
Read More Practical Steps to Maximize Reliefs
December 13, 2024Practical Steps to Maximize Reliefs Here is a detailed expansion of the practical steps you can take to maximize the availability of Business Property Relief (BPR), Business Asset Disposal Relief (BADR), Gift Relief, and Rollover Relief in the context of investment assets. 1. Maintain Detailed Records Comprehensive and clear documentation is critical for substantiating the
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How to Plan for Your Business Succession with Minimum Tax Liabilities Planning for the future of your business is one of the most important decisions you’ll make as a business owner. Whether you intend to pass your company to the next generation, sell it outright, or transfer ownership to a management team. Careful tax planning
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What Expenses Are Tax Deductible for Small Businesses?
October 20, 2024What Expenses Are Tax Deductible for Small Businesses? Running a small business comes with plenty of costs — but the good news is that many of them can be deducted from your taxable profits. Understanding which expenses qualify as allowable can help reduce your tax bill and improve your cash flow. This guide explains what
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