Important Changes to Holiday Lettings From April 2025 - Tax Tips From Accountant

Interview with Chartered Tax Adviser and Accountant on changes to Furnished Holiday Lettings tax regime, IHT, Trusts and Wills, SDLT, pensions, ISA, Non-Dom tax status and end of year tips.
High taxation is one of the reasons 10,000 millionaires left the UK last year. Check out my video on this.
As the tax year draws to a close, now is the perfect time to review your finances and take advantage of last-minute tax-saving opportunities. In the latest episode of the Charles Kelly Money Tips Podcast, we break down essential end-of-tax-year tips to help you reduce your tax bill legally and keep more of your hard-earned money.
1. Maximize Your ISA Allowance
You can save up to £20,000 tax-free in an Individual Savings Account (ISA). If you haven’t used your full allowance, now is the time to top it up.
2. Utilize Pension Contributions
Contributing to your pension not only grows your retirement fund but also reduces taxable income, with tax relief of up to 45% for higher earners. We don’t know how long this tax concession will last.
3. Claim Allowable Expenses
Self-employed? Ensure you claim all deductible expenses, such as home office costs, travel, and professional fees, to lower your taxable profit.
4. Use Capital Gains Allowance
Sell assets strategically to take advantage of the current capital gains tax-free allowance before it resets in the new tax year.
5. Gift Money IHT Tax-Free
Use your annual £3,000 inheritance tax gift allowance to pass on wealth without tax implications. Use it or lose it.
6. Use your accountant, tax specialist, financial adviser and other professionals to save you money.
Good advice can save you a fortune. Invest in yourself.
Don’t miss out on these end-of-tax-year strategies—watch the full video now!
7 Powerful Steps to Transform Your Finances in 2025
As we move closer to 2025, now is the perfect time to take charge of your finances and make it your most successful year yet. In the latest episode of the Charles Kelly Money Tips Podcast, we explore actionable strategies to help you achieve financial freedom and build wealth.
Watch full video -    • 7 Powerful Steps to Transform Your Finance...  
Section 24 Property Landlord Tax Hike
Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.
Email [email protected] for a free consultation on how to deal with Section 24.
Watch video now:    • Section 24 Tax Hike Solutions Revealed By ...  

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