The £3,000 reporting threshold for trading, property, and other income will simplify tax
Income reporting threshold increased

The £3,000 reporting threshold for trading, property, and other income will simplify tax
Not every money-making hobby counts as a business for tax purposes. Knowing when a hobby crosses into
MTD for Income Tax kicks off in April 2026 for those earning over £50k. Digital records, quarterly
Swapped an old fridge or carpet in your rental property? Landlords can claim tax relief on replacing
Child Benefit has risen for 2025-26: £26.05 for eldest, £17.25 for others. Claim continues to age 20 in
Do you know what your 2025-26 tax code means? It affects how much tax is taken from your pay or pension.
Couples who jointly own rental property are usually taxed 50:50, even if they own different shares. But
Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from April 2026. If you’re
If you’re self-employed, lenders may require an SA302 and tax year overview as proof of earnings for
Since April 2020, landlords can no longer deduct mortgage interest as an expense. Instead, tax relief is