Christmas is a wonderful time to give to the people you love, and with a little planning, you can do so without triggering unnecessary Inheritance Tax implications. Small gifts of up to £250 per person each tax year, as well as your annual £3,000 gifting allowance, can be given freely without affecting your estate for IHT purposes. Regular gifts made out of surplus income can also be exempt if they don’t reduce your standard of living. By using these allowances thoughtfully, you can spread generosity at Christmas while keeping your long-term estate planning on track.

From 6 April 2026, a number of significant UK tax changes will come into effect, impacting individuals, business owners, landlords and investors. These include higher dividend tax rates, the introduction of Making Tax Digital for Income Tax, reforms to Business and Agricultural Property Relief, changes to Capital Gains Tax, and the removal of homeworking expense relief. Understanding how these changes affect you, and planning ahead - will be key to staying compliant and managing your tax position efficiently.

UK inheritance tax rules help individuals and families protect their wealth and plan their estates effectively. With careful planning, it’s possible to reduce the tax payable or pass on more to your beneficiaries. Strategies include lifetime gifts, trusts, and exemptions, helping to preserve your legacy and safeguard your family’s financial future. This guidance supports both individuals and families, encouraging proactive planning and long-term security.

UK R&D tax credits help businesses recover part of their innovation costs, whether developing new products, processes, or technologies. Even unsuccessful projects can qualify. Companies can reduce corporation tax or receive a cash repayment, boosting cash flow. The incentive supports SMEs and larger firms, encouraging continued investment in research and development.

The 2025 UK Budget freezes income tax thresholds, raises taxes on savings, property, and dividends, caps pension salary sacrifice, reduces ISA limits, updates inheritance tax, and adds a high-value council tax surcharge from 2028.