Comprehensive Guide to Reporting and Paying Tax on UK Trust Income

Let’s say you're the trustee of a family trust set up by a relative to help fund their grandchildren’s education. Each year, the trust earns income from investments and property, and it’s your responsibility to ensure the funds are distributed correctly and taxes are handled properly.

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Guide to Reporting and Paying Tax on UK Trust Income

See how to report and pay tax on UK trust income with our comprehensive guide. Simplified steps, key rules, and expert tips for trustees and beneficiaries.

UK Personal Allowance – A Guide for Non-Residents

Most people in the UK receive a tax-free Personal Allowance, which is currently set at £12,570 for the tax year 2024/25 (frozen until April 2028). Individuals who qualify for this allowance do not have to pay tax on their income if it remains below this threshold. However, the Personal Allowance of £12,570 decreases if income exceeds £100,000. For every £2 earned over £100,000, £1 of the tax-free Personal Allowance is lost. This results in the allowance being fully withdrawn at an income level of £125,140.

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Do Non-UK Tax Residents Get the Tax-Free Personal Allowance

Are you a non-UK tax resident wondering if you qualify for the tax-free personal allowance? Check how you can benefit from it.

9 Strategies to Save Money in UK Tax Returns Online

As living costs continue to rise, many of us are looking for ways to make the most of every penny we earn. With grocery prices soaring, energy costs climbing, and fuel expenses feeling like a financial strain , managing finances has never been more crucial.

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9 Strategies to Save Money in UK Tax Returns Online

Learn easy ways to manage your finances during tough times and find simple tax-saving tips for your tax returns online.

Stay Ahead of the Game: How the UK Side Hustle Tax Calculator Can Boost Your Earnings

In today’s world, more and more people are diving into side hustles to supplement their main income or even to pursue their passions. Whether you’re driving for a ride-share company, selling products online, or freelancing in your spare time, your side hustle could be bringing in extra cash.

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A Complete Guide to Capital Gains Tax on Property in the UK: How to Use the CGT Calculator?

When it comes to selling property in the UK, whether it’s your primary home or an investment property, understanding how capital gains tax (CGT) works is crucial. While you might be aware of the general concept of CGT, things get more complex when you start factoring in property sales.

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A Complete Guide to Capital Gains Tax on Property in the UK: How to Use the CGT Calculator? – @taxduk on Tumblr

When it comes to selling property in the UK, whether it’s your primary home or an investment property, understanding how capital gains…