Posts by Vijay
CGT holding over gains if you gift business assets
Gift Hold-Over Relief lets you defer Capital Gains Tax when giving away business assets or qualifying shares. It can be a tax-smart move for passing on wealth, but strict rules
Read MoreTime off for jury service
If your employee is called for jury service, you must allow them time off—but you’re not required to pay them. Here’s a clear look at your responsibilities, options, and how
Read MoreLLP salaried members
Not all LLP members are taxed as partners. HMRC may treat them as employees if they meet certain conditions. Here’s how the salaried member rules work, what the three-part test
Read MoreMaking Tax Digital for Income Tax
Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If you’re self-employed or a landlord earning over £50,000, get ready for quarterly
Read MoreBeneficial interests in jointly held property
Couples who jointly own rental property are usually taxed 50:50, even if they own different shares. But if you’re married or in a civil partnership, Form 17 lets you split income
Read MoreChildcare grants
Juggling higher education and parenting? Childcare Grants can ease the pressure by covering up to 85% of your childcare costs. If you’re a full-time student with young children,
Read MoreApplying for student loans
Student Loans help cover the cost of university or college in the UK. Whether you’re full-time, part-time, or heading into postgrad study, here’s what you need to know about
Read MoreSpring Statement Summary March 2025
Spring Statement 2025: Key Tax Measures and Modernisation Initiatives
Chancellor Rachel Reeves’ Spring Statement 2025, delivered on 26 March, arrived at a critical point for the
Read MoreHow to Approach Your Bank for a Business Loan
Asking your bank for a business loan can feel daunting, but it doesn’t have to be. With the right preparation, you can give yourself the best possible chance of getting a positive
Read MoreHow Small Businesses Can Survive a Recession
Recessions can be tough on small businesses, but they do not have to spell disaster. With some smart thinking and a bit of planning, many firms can keep going and even emerge
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