If you earn income from property rental, the Property Allowance can be a valuable tool for reducing your tax liability. Hereโs how to take full advantage of this allowance and optimize your savings. What is the Property Allowance? The Property Allowance is a tax relief that allows individuals to earn up to ยฃ1,000 in rental […]
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When it comes to selling your main residence, the tax relief known as Principal Private Residence Relief (PPRR) can significantly reduce or eliminate the Capital Gains Tax (CGT) you owe. Understanding how permitted absences affect this relief can help you maximize your savings. Hereโs how you can make the most of it: What is Main
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As the new tax year progresses, itโs important to start thinking about your tax return. While the deadline for filing your 2024-2025 tax return may seem far off, there are compelling reasons to file early. Here are five benefits to getting ahead of the curve: 1. Avoid the Last-Minute Rush Filing early means you avoid
