Category: financial advice
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What is the 60 day rule for CGT?
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…
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How do I get my tax year overview?
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…
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Property income rates 2027
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…
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Savings Interest Tax rates 2027
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…
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Dividend Tax Rates 2026/27
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…