Buying your first home is a huge milestone and, let’s be honest, probably the biggest financial move you’ll ever make. Between saving for your mortgage deposit, paying legal fees, and all other moving costs, there is one more surprise expense you might not be expecting: Stamp Duty Land Tax, or SDLT. If you’re a first-time […]
First -Time Buyer Stamp Duty Relief in 2025? What You Need to Know Read More »
Innovation lies at the heart of every successful small and medium-sized enterprise (SME), driving growth and fostering competitive advantages in an ever-evolving market. However, many SMEs in the UK remain unaware of the significant financial support available to them through the government’s Research and Development (R&D) tax relief scheme. At The Tax Lead, Chartered Certified
R&D Tax Relief for SMEs Read More »
The UK’s Register of Overseas Entities (ROE) is a relatively recent development aimed at increasing transparency and combating illicit activities in property ownership. Introduced under the Economic Crime (Transparency and Enforcement) Act 2022, the ROE requires overseas entities owning or intending to own property in the UK to disclose their beneficial ownership details. This blog
Register of Overseas Entities in the UK: A Comprehensive Guide Read More »
The Enterprise Investment Scheme (EIS) is a UK government initiative designed to help companies raise up to £5 million per year (up to £12 million in total). By offering tax-efficient benefits to investors, EIS makes your business more attractive to potential backers while providing you with much-needed funding to scale. How Does EIS Work? EIS
Enterprise Investment Scheme (EIS): Boost Your Business Growth Read More »
Inheritance Tax (IHT) is a tax on the estate (property, money, and possessions) of someone who has passed away. Understanding how it works can help you plan effectively to minimise your tax liability. Here’s a basic guide for our clients: What is Inheritance Tax? Inheritance Tax is a tax on the value of an estate
A Brief Guide to UK Inheritance Tax Read More »
All UK except Scotland (see below) 2022/23 2023/24 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate for savings rate (applicable to savings income up to £5,000) 0% 0% Savings allowance (0% tax applies to the first part of savings income): Basic rate taxpayers £1,000 £1,000 Higher rate taxpayers
