Rent-a-Room relief

Rent-a-Room relief

Rent-a-Room relief: how it works Letting out part of the property which is your only or main home is a great way to boost your income, but you have to be aware of the tax implications that come with being a resident landlord. Rights and responsibilities include:...
Pension Access Age Raised to 57

Pension Access Age Raised to 57

The government plans to increase the earliest age pension savers can access their pensions without incurring an unauthorised payments tax charge, known as the normal minimum pension age, from 55 to 57. The age change will come into force from 6 April 2028. Legislation...
Reducing your IHT Liabilities

Reducing your IHT Liabilities

Published 23rd September 2021 Most of us would prefer that our loved ones receive our wealth when we die, rather than the taxman. But with property becoming more expensive, more people than ever are becoming liable for inheritance tax. At AccountingPreneur we are...