Merranti Accounting Blog
Do You Pay Tax When You Sell Your Home?
September 14, 2026Do You Pay Tax When You Sell Your Home? Selling your home can involve a large amount of money. If the property has increased significantly in value since you bought it, it is natural to wonder: “Will I have to pay tax on the profit?” For many homeowners, the answer is no. If the property
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Do You Have to Pay Tax on Money You Inherit?
September 13, 2026Do You Have to Pay Tax on Money You Inherit? Receiving an inheritance can create a lot of financial questions. You may inherit: Cash Property Investments Shares Savings Personal possessions And one of the first questions is often: “Do I need to pay tax on it?” In many cases, you do not pay Income Tax
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Do You Pay Tax When You Sell Shares in the UK?
September 11, 2026Do You Pay Tax When You Sell Shares in the UK? Investing has become much more accessible. Online platforms now make it possible to buy and sell shares within minutes, and more people are building investment portfolios outside pensions and workplace schemes. But selling an investment for more than you paid for it can create
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How Long Should You Keep Tax Records in the UK?
September 11, 2026How Long Should You Keep Tax Records in the UK? Keeping financial records is not the most exciting part of managing your finances, but it can become very important if HMRC asks questions later. Many people are unsure how long they should keep: Tax returns Bank statements Payslips Receipts Property records Business invoices Investment statements
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Tax breaks but more reporting: the key summer 2026 tax changes for businesses Summer 2026 brings a mix of useful tax breaks and extra reporting obligations for UK businesses, directors, landlords, sole traders and individuals with cryptoassets. Some of the changes are designed to reduce costs, such as the temporary VAT cut for family attractions
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Tax breaks, more reporting: what business owners need to know this summer
September 11, 2026Summer 2026 Tax Updates: 7 Changes Business Owners Need to Know Temporary VAT cut for family days out The Government has announced the Great British Summer Savings scheme for summer 2026. From 25 June 2026 to 1 September 2026, a temporary reduced VAT rate of 5% applies to certain qualifying family activities. This includes qualifying
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Should You Pay Off Your Mortgage Early or Invest the Money Instead?
September 10, 2026Should You Pay Off Your Mortgage Early or Invest the Money Instead? For many people, this becomes one of the biggest financial decisions they face. You have some spare cash each month. Do you: Overpay the mortgage Put the money into savings Invest it Add more to a pension Keep the cash available There is
Read MoreHow Much Money Can You Give Away Tax-Free in the UK?
September 9, 2026How Much Money Can You Give Away Tax-Free in the UK? Giving money to children, grandchildren or other family members is common. It might be to help with a house deposit, pay for a wedding, support someone through university or simply pass wealth to the next generation while you are still alive. But once the
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How Much Should You Have Saved Before Starting a Business?
September 9, 2026How Much Should You Have Saved Before Starting a Business? Starting a business can be exciting, but one of the biggest questions is also one of the most practical: How much money should you have saved before you start? There is no single figure that works for everyone. A service-based business run from home may
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What Happens If You Earn Over £100,000?
September 8, 2026What Happens If You Earn Over £100,000? Earning more than £100,000 is a significant milestone. But from a tax perspective, it is also where things start to become more complicated. Once your adjusted net income exceeds £100,000, your Personal Allowance begins to reduce. For the 2026/27 tax year, the standard Personal Allowance remains £12,570, but
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