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tax basics
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2
Offshore wind
The tax benefits of using trusts outside of the UK are limited, finds JOHN WOOLLEY
Getting value
JENNY NELDER outlines the basics of share valuation for taxation purposes
In the red
KEVIN READ goes back to basics with a look at corporate and income tax aspects of directors’ overdrawn loan accounts
Non-residence recap
RICHARD CURTIS looks at the rules relating to the taxation of UK income
Ten tips: stamp taxes
NICK HAINES lists the things every adviser should know
Settling up
JACK HOLLYMAN explains how tax and NIC liabilities follow expenses payment methods
Little sister
Let’s take a look at letting relief, suggests HEATHER MILLER
Beating the ticking time bomb
RACHAEL DOWN explains why it pays for employers to file returns promptly
Property problems
MARK ACKRILL highlights potential pitfalls in only or main residence relief
Making a disposal
PENNY BATES explains the various circumstances under which a disposal may take place
Carefree motoring
NICK LLOYD puts some polish on the car benefit rules
A can of worms
SAM HART goes back to first principles with a look at accounting dates and their taxation effects
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Feedback: 4 December 2025
Readers’ forum: Should we cancel group registration retrospectively?
Readers’ forum: Where there’s a will, there’s a way
Readers’ forum: The Queen’s Gambit
Readers’ forum: Race against time
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NEWS
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Working from home allowance axed
Government softens stance on unused reliefs
Late quarterly submission fines delayed to 2027
Salary sacrifice for pensions to be restricted
Investment interest and property rates hiked and personal tax thresholds frozen until 2031
DEADLINE DATES
Deadline dates for January 2026
CASES
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Holiday pay was not part of regular salary
Nutella biscuits were not chocolate covered
Conditions for additional dwelling supplement not met
HMRC’s letter was not amenable to judicial review
No reasonable excuse for failing to submit ATED returns
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This week's opinion: 4 December 2025
Working from home allowance axed
Government softens stance on unused reliefs
Late quarterly submission fines delayed to 2027
Salary sacrifice for pensions to be restricted