What a strange world we live in. I see a lot of posts online from landlords and others worrying about the incoming need to submit quarterly updates to HMRC under Making Tax Digital. Some of the responses remind me of those given to the clinically depressed – “Just be happy!” What do I mean? Well […]
Author Archives: Martin Wardle
Copernicus was a thought leader. Way ahead of his time. He figured out that earth wasn’t the centre of the universe. He died in 1543. 21 years later Galileo was born and figured out Copernicus was right. He was ultimately placed under house arrest and forced to deny his beliefs under threat of torture. Now […]
Tax planning isn’t just about dodging bills at April. For many professionals and business owners, it shapes cash flow, investment capacity, and even the way you structure a property portfolio. Landlords, in particular, face a shifting landscape of allowances, reliefs, and compliance duties that can quietly erode returns if you don’t navigate them carefully. A […]
If you follow me you are probably quite on the ball with all things finance. Even if you are not then you’re probably a UK citizen of voting age. On that basis your opinion on things matters. With the budget coming up it’s reasonably to ask what people are hoping for from it. I […]
So what can we learn from the Downing Street pantomime in so far as taxes? Well first things first Starmer strongly denied authorising the briefing against his colleagues. The fact they happened means he either lied or they did it against his wishes. Neither is a good look for someone trying to portray being in […]
So, the promise to workers was that tax would not go up. The problem is the “hole” is getting bigger and as a result money has to come in. We all know workers can earn anything from apprentice rates to seven figures but Labour seem to have decided that workers don’t earn too much. Harder/better/luckier […]
I spoke with a lady today who said she is on the way to incorporating her property portfolio via a partnership. She said all was fine and underway but wanted to chat about it after a referral from a mortgage broker who said it looked like she needed some help. There was a lot to […]
I saw a question about MTD (making tax digital) today. The whole profession has been wondering how to charge for all of the additional work while at the same time all of our clients seem to be under the impression that there won’t be any more work to do. I love a good analogy so let’s […]
Can I use an asset that I have given away to avoid Inheritance Tax? So the simple answer is yes you can. The problem is that it will likely render the gift as irrelevant for Inheritance Tax purposes and mean that the asset is still part of your estate. Let’s run through an example. A […]
Home is where the wine is In a recent tax case, a couple successfully appealed against a £3.3 million capital gains tax (CGT) assessment following the sale of their extensively renovated Chelsea property. The central issue revolved around whether the property qualified for Private Residence Relief (PRR), which exempts gains from CGT when selling your […]