Making a main residence nomination

11th August 2025 by Joanne Stoneman

Where you have more than one home, you can choose which is the main residence for capital gains tax purposes. What factors should you consider when making the choice and when can a nomination be made?

Flat rate scheme: join now or never?

8th August 2025 by Joanne Stoneman

HMRC recently published a report about the advantages and disadvantages of the flat rate scheme for a small business. Could the report lead to the abolition of the scheme or a ban on new users?

Accelerate tax relief for the cost of equipment

5th August 2025 by Joanne Stoneman

You’re upgrading your company’s IT equipment as it’s now several years old. Naturally your company will get tax relief for the purchases but what’s the tax position if you sell or scrap the old equipment, and how might you improve it?