by Ekrem Duman | Jun 20, 2026 | Country Tax Guides, UK Tax
Accounting › Country Tax Guides › UK Tax ⚡ TL;DRInheritance Tax (IHT) is charged at 40% on the value of an estate above the nil-rate band of £325,000, frozen since 2009. A residence nil-rate band of £175,000 adds extra allowance when a home passes to...
by Ekrem Duman | Jun 20, 2026 | Country Tax Guides, UK Tax
Accounting › Country Tax Guides › UK Tax ⚡ TL;DRSelling a second home, buy-to-let or other residential property usually triggers CGT at 18% or 24% on the gain, after the £3,000 allowance. Your main home is normally covered by Private Residence Relief....
by Ekrem Duman | Jun 20, 2026 | Country Tax Guides, UK Tax
Accounting › Country Tax Guides › UK Tax ⚡ TL;DRBusiness Asset Disposal Relief (BADR), formerly Entrepreneurs’ Relief, cuts the CGT rate on qualifying business disposals to 14% for 2025/26 — rising to 18% from April 2026 — on the first £1 million...
by Ekrem Duman | Jun 20, 2026 | Country Tax Guides, UK Tax
Accounting › Country Tax Guides › UK Tax ⚡ TL;DRCapital Gains Tax (CGT) is charged on the profit when you sell an asset that has risen in value. For 2025/26 the rates are 18% for basic-rate taxpayers and 24% for higher and additional-rate taxpayers,...
by Ekrem Duman | Jun 20, 2026 | Country Tax Guides, UK Tax
Accounting › Country Tax Guides › UK Tax ⚡ TL;DRYour business structure shapes your tax. Sole traders pay income tax and Class 4 NIC on all profits; partnerships divide profits among partners taxed individually; limited companies pay corporation tax,...
by Ekrem Duman | Jun 20, 2026 | Country Tax Guides, UK Tax
Accounting › Country Tax Guides › UK Tax ⚡ TL;DROwner-managers of UK limited companies typically pay themselves with a mix of salary and dividends. A modest salary preserves state pension entitlement and is deductible for corporation tax; dividends carry...
