Author: Shaz Nawaz

If you decide to sell a piece of land or your second home, then you must learn about Capital Gains Tax (CGT) as much as possible. Yes, it is a complex matter. This guide is here to simplify it for you. Before you sell your home, you should know the six ways to reduce Capital […]

A personal tax account is an HMRC-initiated system to make the tax system in the UK more efficient and transparent. This system facilitates you to access all your tax-related personal information in one place. Through your tax account, you can solve your tax issues on time by yourself without writing or calling the HMRC. You […]

Firstly, with a diverse property portfolio, you can spread the risk of investment over multiple properties. If one property generates profits less than expected, greater chances are, other property will produce profits. The property that becomes troublesome and does not perform as expected, the sooner you sell it, the better. If a tenant is reluctant […]

In a tax year, you may make a profit on your asset on which you must pay capital gains tax. In certain situations, you may end up making a loss on your asset. If that happens, then the rules are different and more complex. So, what do you do with this loss? This guide will […]

It is challenging and painful to inherit property from a deceased family member. Not to mention it frequently has both an emotional and financial cost. Beneficiaries of an estate receiving an interest in real estate need to understand the nuances of capital gains tax (CGT) to manage their tax responsibilities and make informed decisions. This […]

When talking about the financial aspects of a business, you often hear the term share capital. It is a major factor in the structuring and financing of business in the UK. As a business owner, you must understand how share capital works and the advantages of it. Furthermore, it is crucial to get familiar with […]

Ideally, you would purchase a house when mortgage rates and home prices are at their lowest. You probably would not time the market exactly, though. Nevertheless, forecasts and data can assist you in making your choice. Over the last six months, there has been a decline in both home prices and mortgage rates. As of […]

Not only is it essential to comprehend and file your self-employed tax returns in the UK, but it can also help you avoid paying needless fines. It guarantees legal compliance while also enabling you to maximise tax deductions and reduce your tax obligations. If you are self-employed, you may find filing your taxes intimidating. There […]

Tax credits and a few other social security payments are gradually being replaced with Universal Credit (UC). The UK now offers Universal Credit, and HMRC has said that it is no longer feasible for someone to file a new tax credit claim. Universal Credit is going to cover a lot of benefits for those who […]

About one in three people is eligible to file a tax refund claim. That equals tons of individuals, and you might be one of them. A lot of money is left unclaimed at the tax office, frequently because of ignorance or a lack of time to handle the procedure. Understanding your tax situation can be […]