Category : Search result: property income tax


Call to Double State Pensioners' Tax Allowance

A parliamentary petition urges HMRC to double the personal tax allowance for state pensioners to £25,140. With 10,000 signatures, it seeks to protect pensioners from rising tax bills as thresholds remain frozen.

HMRC uses AI to target tax evasion and fraud

HMRC is turning to artificial intelligence to tackle a £700m tax gap and improve compliance. The technology will identify risks faster but human caseworkers will make final decisions. Read the latest.

New Council Tax Bands for High-Value UK Homes

Labour introduces a 'mansion tax' surcharge for properties over £2m from 2028. Experts analyse the impact on the housing market as October 2025 sales dip 2% year-on-year.

New HMRC Rule Allows £2m Inheritance Tax-Free Transfer

Chancellor Rachel Reeves announces a major inheritance tax rule change for farmers and business owners. From April, couples can transfer unused relief, shielding up to £2m from tax. Discover the impact and reaction.

Calls for £20,000 Personal Tax-Free Allowance Grow

A public petition urges the Labour government and HMRC to raise the personal allowance from £12,570 to £20,000, offering families potential savings of nearly £3,000. Over 28,000 have signed.

HMRC Sends New Tax Codes to UK Households

HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.

UK Tax-Free Income Boost: Rent a Room for £7,500

Discover how HMRC's Rent a Room Scheme lets UK households earn up to £7,500 tax-free annually, potentially raising your total tax-free allowance to £20,070. Learn the rules and see if you qualify.

HMRC Confirms Timetable for Major UK Tax Changes

HMRC has published the phased implementation dates for major tax reforms from the Autumn Budget, affecting savings, property, and pensions. Discover how and when the changes will impact you.

Chancellor's Tax Promise for State Pensioners

Chancellor Rachel Reeves pledges state pension-only retirees won't pay income tax this Parliament, addressing the frozen allowance issue. Read the full details and implications.

1 Million UK Households Now Paying 45% Tax Rate

Frozen tax thresholds have dragged over 720,000 more people into the 45% additional rate band, taking the total beyond one million. Discover how this 'stealth tax' impacts the economy.

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