Tag: Grace Certified Accountants
-
Receiving Inheritance from Abroad – What UK Residents Need to Know
A clear guide for UK residents who receive inheritance from abroad. Learn when UK tax applies, how domicile affects IHT, and what income or gains you may need to declare when inherited assets start generating money.
-
How the 10-Year and Exit Charges Work on Trusts (Including 18–25 and Disabled Beneficiaries)
Understanding the 10-year and exit charges on trusts can be confusing. This article explains how they work in plain English — including the rules for 18–25 and disabled beneficiary trusts — and what trustees need to do to stay compliant with HMRC’s inheritance tax rules.
-
Selling a Buy-to-Let Property – CGT Explained (UK 2025)
Selling a rental property can trigger Capital Gains Tax. This guide shows exactly how to calculate the gain, what costs you can deduct, and how to plan your sale to stay compliant.
-
Limited Company or Personal Name: Which Is Better for Rental Property in 2025?
Many Landlords assume a limited company saves tax — but Section 24, dividend tax and the new 5% SDLT surcharge change the maths. Learn when company ownership helps and when it doesn’t.
-
Transferring a Property After Separation: What Tax Applies When You’re Not Married
When property changes hands between unmarried partners, both CGT and SDLT can apply — even if no money changes hands. Learn what the rules are and how to plan before transferring.
-
Gifting Property to Your Children (UK 2025/26) – Full Guide
This complete five-part guide explains everything you need to know about gifting property to your children in the UK — from Capital Gains Tax and Inheritance Tax to the 7-year rule, Gift With Reservation, and trust-based planning options.
-
Alternatives to Gifting Property – Trusts, Joint Ownership & Insurance
Gifting property can trigger big tax bills. Discover practical alternatives — trusts for control, joint ownership for flexibility, and life-insurance planning to cover Inheritance Tax — explained clearly for UK families.
-
Gift With Reservation – Why Living in a Gifted Property Can Backfire
If you gift your home but continue living in it rent-free, HMRC may treat it as still yours. Learn how the Gift With Reservation rule works — and how to avoid losing Inheritance Tax relief.
-
Inheritance Tax and the 7-Year Rule – What You Need to Know
The 7-year rule can remove gifts from your estate for Inheritance Tax, but only if you survive long enough — and don’t keep using the property. Learn how taper relief and HMRC’s “gift with reservation” rules apply.