Speak to an expert: 03330 903 473

Better Accounting Services

Category: financial advice

  • How much do accountants charge for capital gains tax?

    —

    by

    Wojciech
    in

    In the UK, accountants typically charge between £350 and £950 (+ VAT) to handle a straightforward Capital Hicks Tax (CGT) return, such as selling a second home or a basic portfolio of shares. However, if your situation is more complex—like selling a business, handling multiple properties, or claiming special tax reliefs—fees generally range from £1500…

  • What happens if you do not declare rental income?

    —

    by

    Wojciech
    in

    If you do not declare your rental income to HM Revenue & Customs (HMRC), you will have to pay back all the tax you owe, plus daily interest, and you will face heavy financial penalties. In the worst-case scenarios involving deliberate tax evasion, you could face criminal prosecution and potentially go to prison. How HMRC…

  • How much can I put in my SIPP before April 5

    —

    by

    Wojciech
    in

    For most people, the maximum you can put into your SIPP before April 5 is £60,000 or 100% of your earnings (whichever is lower). However, this limit can be higher if you have unused allowance from previous years, or lower if you are a very high earner or have already taken taxable money out of…

  • What is the 60 day rule for CGT?

    —

    by

    Wojciech
    in

    The 60-day rule means that if you sell a residential property in the UK and make a profit, you must report the sale to HMRC and pay the Capital Gains Tax (CGT) you owe within 60 days of the completion date. A Simple Guide to the 60-Day Capital Gains Tax Rule For many years, if…

  • How do I get my tax year overview?

    —

    by

    Wojciech
    in ,

    If you are self-employed and applying for a mortgage, your lender will need proof of your earnings. One of the most important documents they will ask for is the Tax Year Overview. Here is exactly how to find and print it from your HMRC online account: Step-by-Step Instructions Important Timing Note: If you have only…

  • Property income rates 2027

    —

    by

    Wojciech
    in ,

    Property income is any money you earn from letting out land or buildings. This includes renting out a flat, a house, or even a parking space. How it is taxed depends on how much you earn and the specific allowances you use. Generally, if your property income is very low (under £1,000), you do not…

  • Savings Interest Tax rates 2027

    —

    by

    Wojciech
    in

    From April 2027, the tax rates on savings interest will increase. The new rates for the 2027 to 2028 tax year will be: These new rates apply across the whole of the UK. What does this mean for you? While the tax rates are going up, the rules on when you have to pay tax…

  • Dividend Tax Rates 2026/27

    —

    by

    Wojciech
    in ,

    From 6 April 2026, the amount of tax you pay on dividend income will increase for most people. The new rates will be 10.75% for basic rate taxpayers and 35.75% for higher rate taxpayers. The additional rate will stay the same at 39.35%. These changes mean that investors and company directors who pay themselves via…