Before a property development even begins, significant costs are often incurred. Planning applications, architects' drawings, engineering reports, environmental surveys and legal advice can all generate substantial expenditure long before construction starts.HMRC has launched a consultation examining whether the current tax treatment of these pre-development costs remains appropriate and whether changes could help encourage investment.What are…
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Do you need to pay tax on money received from family?
Receiving money from a family member can be a welcome source of financial support, but many people are unsure whether they need to pay tax on it. In most cases, the person receiving a gift does not pay Income Tax on money given by family. However, the gift could have Inheritance Tax implications for the…
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Tax Diary August/September 2026
1 August 2026 - Due date for Corporation Tax due for the year ended 31 October 2025.19 August 2026 - PAYE and NIC deductions due for the month ended 5 August 2026. (If you pay electronically, the due date is 22 August 2026.)19 August 2026 - Filing deadline for the CIS300 monthly return for the…
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Is HMRC holding money that belongs to you?
It is important to know if HMRC is holding money that belongs to you. For example, if you have paid too much tax to HMRC, you may be able to claim a tax refund (also known as a tax rebate). Overpayments can happen for a number of reasons, including changes in your employment, paying tax…
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