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Personal tax

Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.

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Exclusive
Guidance

MTD for individuals

MTD for individuals is centred around the Personal Tax Account (PTA) which already has many of the services needed by PAYE taxpayers. HMRC continues to improve and develop the PTA.
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Exclusive
Taxline

Practical points: personal tax January 2024

Every month, the Tax Faculty publishes short, practical pieces of guidance to help agents and practitioners in their day-to-day work. This month covers capital gains tax; income tax; and residence and domicile.
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Capital gains tax

Budget: Further changes made to CGT, IHT and residence rules
  • Article
  • 27 Nov 2025
The Chancellor announced a number of changes to capital gains tax (CGT), inheritance tax (IHT) and the residence-based tax regime , including a change in the rules for disposals to employee ownership trusts (EOTs), effective immediately.
Claiming relief for a trade loss
  • Article
  • 26 Nov 2025
ICAEW’s Tax Faculty explains the options for claiming relief for a loss made by an individual in their trade and how to give effect to the claim in a tax return.
CGT tips for 2024/25 tax returns
  • Article
  • 09 Oct 2025
Avoid errors on 2024/25 self assessment (SA) tax returns with three tips from ICAEW’s Tax Faculty on reporting capital gains and losses and paying capital gains tax (CGT).
Taxpayers reminded of CGT 60-day reporting requirement
  • Article
  • 05 Sep 2025
HMRC will contact taxpayers to remind them of the obligation to report the disposal of a UK residential property within 60 days of completion where HMRC holds information that suggests a return may be required.
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Income tax

Early tax return filers asked to check claims for investors’ relief
  • Article
  • 12 Dec 2025
HMRC is writing to taxpayers who submitted their self assessment tax return for 2024/25 before October 2025 where the return included a claim for investors’ relief that HMRC has reason to believe may be invalid.
What are salary sacrificed pension contributions?
  • Article
  • 10 Dec 2025
ICAEW’s Tax Faculty explains the circumstances in which the cap on the national insurance contributions (NIC) exemption for salary sacrificed pension contributions, announced at the Autumn Budget 2025, are likely to apply.
Are you ready for MTD income tax?
  • Article
  • 10 Dec 2025
The final countdown for Making Tax Digital (MTD) for income tax is underway, with the first wave of self‑employed clients and landlords coming into scope from April 2026, followed by further tranches in 2027 and 2028.
Exclusive The Budget and spending – a new direction?
  • Article
  • 03 Dec 2025
Ros Rowe assesses the impact of the Budget proposals on construction and real estate.
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Inheritance tax

Budget: Further changes made to CGT, IHT and residence rules
  • Article
  • 27 Nov 2025
The Chancellor announced a number of changes to capital gains tax (CGT), inheritance tax (IHT) and the residence-based tax regime , including a change in the rules for disposals to employee ownership trusts (EOTs), effective immediately.
Influencing policy to support you: September 2025
  • Article
  • 30 Sep 2025
This month, ICAEW engaged with ministers to address issues ranging from employment rights and pensions reform to trade, inheritance tax and business growth.
Inheritance tax: sweeping changes ahead and why more estates will be caught
  • Article
  • 26 Sep 2025
Recent analysis by Irwin Mitchell reveals a dramatic shift in the UK’s inheritance tax (IHT) landscape.
Follow the numbers: IHT thresholds and exemptions
  • Article
  • 04 Sep 2025
HMRC’s latest statistics show that inheritance tax receipts increased by 12% between 2021/22 and 2022/23. ICAEW’s Tax Faculty considers the impact of frozen thresholds and exemptions and the possible effects of the government’s IHT reforms.
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How to complete your tax return

Our 10-part weekly series ICAEW highlights some of the key things to keep in mind when completing a tax return for 2024/25.
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Further support on tax.

Pensions

Evidence required for all new PAYE claims for pension tax relief
  • Article
  • 04 Sep 2025
From 1 September 2025, all pay as you earn (PAYE) claims for pension tax relief must be made online or by post and must be supported by evidence from the pension provider or employer.
Tax news in brief 2 April 2025
  • Article
  • 01 Apr 2025
Highlights from the broader tax news for the week ending 2 April 2025, including: a webinar from HMRC on proposals aimed at tackling tax advisers who facilitate tax avoidance; and an update on the independent loan charge review.
International tax treatment of pension lump sums clarified
  • Article
  • 27 Mar 2025
HMRC has updated its international manual to include long-awaited guidance on the tax treatment of lump sum pension payments under the UK’s double tax agreements (DTAs).
Tax relief for pension contributions can be claimed online
  • Article
  • 13 Feb 2025
Pay as you earn (PAYE) taxpayers who want to claim additional tax relief for contributions to a personal or workplace pension scheme can use a new HMRC online form.
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Property tax

Exclusive The High Value Council Tax Surcharge – what it is and why it matters
  • Article
  • 08 Dec 2025
The government’s proposed High Value Council Tax Surcharge (HVCTS) – widely described as a “mansion tax” – will introduce a new annual levy on owners of residential properties in England valued at £2 million or more. Unlike existing council tax bands, still anchored to 1991 valuations, the HVCTS will operate on contemporary assessments, with the baseline set at 2026 values.
Exclusive The Budget and spending – a new direction?
  • Article
  • 03 Dec 2025
Ros Rowe assesses the impact of the Budget proposals on construction and real estate.
Member reaction to the Budget: ‘Nothing for growth’
  • Article
  • 28 Nov 2025
ICAEW members deliver a muted response to the Chancellor’s raft of announcements, but express relief that there were no unexpected surprises for business.
Budget: Key changes to income tax administration, payments and penalties
  • Article
  • 27 Nov 2025
Easements for Making Tax Digital (MTD) for income tax, penalty reform announcements and changes to self assessment payments.
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Watch a Tax Faculty webinar

Webinars and videos have been designed by the Tax Faculty to provide practical guidance to practitioners on important developments to tax practice and policy.

You can register for Tax Faculty webinars by visiting our events page.
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Residence and domicile

Budget: Further changes made to CGT, IHT and residence rules
  • Article
  • 27 Nov 2025
The Chancellor announced a number of changes to capital gains tax (CGT), inheritance tax (IHT) and the residence-based tax regime , including a change in the rules for disposals to employee ownership trusts (EOTs), effective immediately.
2023/24 tax returns and the remittance basis charge
  • Article
  • 21 Nov 2025
HMRC is asking individuals who were long-term UK resident and not UK-domiciled (non-doms) to check if they should have included the remittance basis charge in their self assessment (SA) tax return for 2023/24.
Exclusive Changes to IHT from 6 April 2025
  • Article
  • 01 Aug 2025
As part of a series of articles on the abolition of the remittance basis and domicile from April 2025, Katherine Ford considers the changes to inheritance tax.
Exclusive New regime for taxing foreign income and gains
  • Article
  • 05 Jun 2025
You’re probably aware that the so-called ‘non-dom’ regime has come to an end, but what will replace it? In the first of four articles, Katherine Ford explores the abolition of the remittance basis regime and the introduction of the new foreign income and gains regime from 6 April 2025.
New process and rules for international employees
  • Article
  • 25 Apr 2025
ICAEW is reminding employers of the changes made from 6 April 2025 to the process for operating pay as you earn (PAYE) for globally mobile or treaty non-resident employees and to overseas workdays relief.
Panel supports UK re-domiciliation regime
  • Article
  • 14 Oct 2024
The panel set up by the previous government to explore a possible UK re-domiciliation regime has outlined how the regime could work and the tax, accounting and insolvency legislation that may be needed.
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Savings and investments

Early tax return filers asked to check claims for investors’ relief
  • Article
  • 12 Dec 2025
HMRC is writing to taxpayers who submitted their self assessment tax return for 2024/25 before October 2025 where the return included a claim for investors’ relief that HMRC has reason to believe may be invalid.
Budget: Taxes on property, savings and dividends increased
  • Article
  • 26 Nov 2025
The rates of income tax on savings, property and dividend income will increase by two percentage points and owners of high value homes will face a new council tax surcharge.
Taxpayers asked to check dividend income
  • Article
  • 06 Oct 2025
HMRC is writing to taxpayers who may have failed to include all of their dividend income from shares in UK companies on their income tax self assessment (ITSA) tax return for 2023/24.
Exclusive Fixtures: the importance of working together
  • Article
  • 30 Sep 2025
Bryan Crawford explains why cooperation and planning are fundamental when dealing with fixture sales if both the buyer and the seller are to secure the desired tax result.
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Trusts

£500 tax-free amount for trusts and estates causes confusion
  • Article
  • 06 Oct 2025
In the second of a series of articles leading up to the 31 January 2026 deadline for submission of self assessment (SA) tax returns, ICAEW’s Tax Faculty highlights changes to the rules for low-income trusts and estates for 2024/25.
Five tips for dealing with HMRC: trusts, estates and IHT
  • Article
  • 13 Mar 2025
Following a meeting with HMRC’s trust and inheritance tax (IHT) teams, ICAEW’s Tax Faculty has pulled together five tips which may help taxpayers and agents to complete tasks more quickly and HMRC to make best use of its resources.
Government considers impact of inheritance tax reforms on trusts
  • Article
  • 28 Feb 2025
The government is consulting on how its proposed changes to agricultural property relief (APR) and business property relief (BPR) will apply to property settled into trust.
Employee ownership trusts: the tax benefits
  • Article
  • 18 Feb 2025
While not the primary reason for their creation, employee ownership trusts offer significant tax benefits for existing shareholders and employees alike, as Nick Wright explains.
HMRC will not accept some in-year trust and estate tax returns
  • Article
  • 11 Feb 2025
Due to the change in the rate of capital gains tax (CGT) from 30 October 2024, trustees and personal representatives (PRs) may need to wait until after the end of the tax year to submit 2024/25 tax returns.
Technical round-up: January 2025
  • Article
  • 30 Jan 2025
This month’s top stories feature Parliament accusing HMRC of damaging trust in the tax system; a warning to not respond to a fraudulent agent services text message; and more from the How to fix VAT campaign.
ICAEW supports reform of the trust registration service
  • Article
  • 26 Jun 2024
Having a de minimis level for registration should benefit small trusts that do not fit any of the existing exemptions, but only if the proposed de minimis criteria are appropriate.
Exclusive Practical points: personal tax May 2024
  • Helpsheets and support
  • 01 May 2024
Every month, the Tax Faculty publishes short, practical pieces of guidance to help agents and practitioners in their day-to-day work. This month covers capital gains tax; income tax; and trusts.
View all
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