Selling a second property in the UK involves understanding the Capital Gains Tax (CGT) implications to ensure compliance and effective financial planning. As of 1st April 2025, several changes to CGT rates and allowances will affected how much tax you may owe upon disposal of such properties. Understanding Capital Gains Tax on Second Properties When…
At Greystone Advisory, we believe that running a tax-efficient business is one of the easiest ways to boost your bottom line without working harder. It’s about being smart, organised, and making the most of the reliefs and allowances available to you. Here are 10 simple yet powerful ways to improve your business’s tax efficiency: 1.…
Gifting a property in the UK involves several tax considerations, which can vary depending on whether the property has an outstanding mortgage. Here’s an updated overview reflecting changes effective from 1 April 2025: 1. Stamp Duty Land Tax (SDLT) Without a Mortgage: • Transferring property as a gift without any consideration (payment) typically does not…
Running a business in the UK means juggling many responsibilities, taxes being one of the big ones. Missing a deadline can lead to penalties, interest charges, or unnecessary stress. To keep things simple, here are five key tax deadlines that every UK business owner should have in their calendar. 1. 31st January: Self Assessment Tax…