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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

Taxpayers may have exceeded BADR lifetime limit
  • Article
  • 07 Jan 2026
HMRC is writing to taxpayers who made a claim for business asset disposal relief (BADR) in their self assessment tax return for 2024/25 and may have exceeded the lifetime limit of £1m.
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: 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.
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Income tax

MTD: How to prepare your clients
  • Article
  • 12 Jan 2026
While Making Tax Digital (MTD) for income tax is only months away, many small businesses are unaware of what is required of them.
Taxpayers may have exceeded BADR lifetime limit
  • Article
  • 07 Jan 2026
HMRC is writing to taxpayers who made a claim for business asset disposal relief (BADR) in their self assessment tax return for 2024/25 and may have exceeded the lifetime limit of £1m.
2026: MTD income tax is here and stricter rules for advisers
  • Article
  • 01 Jan 2026
As always, expect a lot of changes in tax this year – more specifically, how tax advisers file income tax returns for clients, and new HMRC powers, says Lindsey Wicks, Senior Technical Manager, Tax Policy.
Public finances on track to reach OBR’s revised full year forecast
  • Article
  • 19 Dec 2025
The public finance budget overrun was £16bn in the eight months to November 2025 and is expected to reach £20bn by the end of March 2026.
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Inheritance tax

Government makes further concessions on IHT reforms
  • Article
  • 30 Dec 2025
The government has announced that the new allowance for 100% agricultural property relief (APR) and business property relief (BPR) for inheritance tax (IHT) will be increased from £1m to £2.5m.
Agents may be overlooking IHT on cryptoassets
  • Article
  • 19 Dec 2025
HMRC is writing to agents who have previously submitted inheritance tax (IHT) returns to raise awareness of the requirement to account for IHT on cryptoassets. Any returns that contain an error should be corrected.
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.
Wealthy taxpayers asked to check if tax return required
  • Article
  • 27 Oct 2025
HMRC is writing to wealthy taxpayers it believes should have submitted an income tax self assessment (ITSA) tax return for the tax year ended 5 April 2023 but failed to do so.
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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

Government makes further concessions on IHT reforms
  • Article
  • 30 Dec 2025
The government has announced that the new allowance for 100% agricultural property relief (APR) and business property relief (BPR) for inheritance tax (IHT) will be increased from £1m to £2.5m.
UK property tax burden is fourth heaviest in OECD
  • Article
  • 09 Dec 2025
The Organisation for Economic Co-operation and Development (OECD) report the UK property tax burden to be the fourth heaviest of 38 countries analysed. They also found that the UK's overall tax burden slightly exceeds the OECD average and is expected to reach a record 38.3% of GDP by 2031.
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.
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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

Deadlines and dates 2026
  • Helpsheets and support
  • 16 Dec 2025
The Tax Faculty highlights the key deadlines and dates for tax practitioners during 2026.
Trusts must meet new registration requirement by 31 December
  • Article
  • 12 Dec 2025
Trusts that have not yet considered if they must register with HMRC for automatic exchange of information (AEOI) should do so urgently as the deadline is 31 December 2025.
£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.
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