Stamp Duty Land Tax (SDLT) classification of properties as residential, non-residential, or mixed-use is crucial as it dictates the applicable SDLT rates. Here’s what you need to know: Definition of Mixed-Use Property A mixed-use property combines both residential and non-residential elements. Examples include a flat attached to a doctor’s surgery, an office with residential accommodation

Last reviewed: November 2026 A mobile phone your company provides is tax-free for the employee, including for personal calls, as long as two conditions are met: each employee gets only one phone or SIM card, and the contract is between the company and the network, not the employee. This mobile phone tax exemption applies to

Business Property Relief (BPR) is a valuable tax relief that reduces the value of an estate for inheritance tax (IHT) purposes on both life and death transfers. It can provide significant tax savings, but there are specific conditions and potential pitfalls that business owners must be aware of to ensure they qualify for the relief.

Last reviewed: November 2026 Individual landlords cannot deduct mortgage interest from rental income. Instead, they get a tax credit worth 20% of the interest, whatever rate of tax they pay. Higher-rate landlords therefore pay more tax than their real profit suggests. How the 20% credit is worked out The credit is 20% of the lowest

Last reviewed: November 2026 The trading allowance lets you earn up to £1,000 a year from self-employment or casual work tax-free, such as selling crafts, odd jobs or online sales. There is a separate £1,000 property allowance for rental income. How it works Gross income of £1,000 or less: it is tax-free, and you usually