Statutory Residence Test

The UK government has announced significant changes to the taxation of inheritances and donations, set to take effect from April 6, 2025. These reforms aim to broaden the scope of Inheritance Tax (IHT) and adjust reliefs associated with certain assets. Key …

Business Property Relief (BPR) is a tax relief in the United Kingdom that allows for certain types of business assets to be passed on free of Inheritance Tax (IHT), provided specific conditions are met. 

Here are the key points about Business Property Relief:

1. E…

You have until 5 April 2025 to fill gaps in their National Insurance records dating back to 6 April 2006. After this deadline, they’ll only be able to make payments for the previous 6 tax years.

We recommend using the ‘pay by bank account’ option online. This …