Tag: Grace Certified Accountants
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When Should You Sell a Rental Property? (UK Tax Tips)
Selling your rental at the wrong time could cost you thousands. In this post, we explain how to time your sale to reduce Capital Gains Tax.
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How Do You Pay Yourself When Your Business Is a Limited Company?
Running a UK limited company? Discover how to pay yourself legally and tax-efficiently in 2025 — from salaries and dividends to director’s loans and expenses.
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Do You Really Need an Accountant? What UK Business Owners Should Know
Not sure if you need an accountant? This guide explains when DIY is fine — and when hiring a professional will save you time, money, and stress.
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Top 5 Tax Mistakes UK Business Owners Make (and How to Avoid Them)
Avoid these 5 common tax mistakes UK business owners make. Learn how to stay compliant, save money, and avoid HMRC penalties in this quick guide.
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Not an Expense: Common Things Self-Employed People Try to Claim (That HMRC Will Reject)
Think you can claim McDonald’s, pet food, or your weekly shop as a business expense? HMRC says otherwise. Here’s what self-employed people get wrong — and what you really can’t claim.
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Transferring Property to Your Spouse or Children: What Taxes Apply?
Gifting a property to a spouse or child? It’s not always tax-free. This guide explains what HMRC expects around CGT, SDLT, rental income, and inheritance tax.
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What Expenses Can You Claim When Selling a Rental Property?
Not every cost when selling a rental property is tax-deductible. In this post, we break down what you can and can’t claim — and offer a free checklist to help.
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How to Report Capital Gains Tax When You Sell a Rental Property (UK Guide 2025)
Sold a UK rental property? You must report the sale and pay any Capital Gains Tax within 60 days of completion. This guide explains what to report, when, and how to avoid HMRC penalties.
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Why You Shouldn’t Make Assumptions With HMRC
Think HMRC won’t notice a bit of rental income? Think again. This real-life case shows how one small assumption led to thousands in penalties — and how to stay compliant.