UK Tax System Overview for Residents
UK residents pay income tax, National Insurance, and capital gains tax on worldwide income, with allowances and bands set annually by HMRC. This guide maps the main taxes, the 2026/27 thresholds, and where each rule sits in statute, with worked examples at three income levels.
Claiming a UK Tax Refund: When and How
UK tax refunds arise from emergency tax codes, multiple jobs, leaving employment mid-year, pension drawdown, or work-related expense claims. This guide covers the main routes: PAYE auto-refund, P50, P55, Self-Assessment, and the four-year backdating window.
UK Tax on Rental Income for Residents
UK landlords pay income tax on rental profit after allowable expenses, with mortgage interest restricted to a 20% basic-rate tax credit. This guide covers calculation, the property allowance, finance cost relief, and reporting on Self-Assessment.
UK Tax on Investment Income: Dividends, Interest, Capital Gains
UK investment income falls into three regimes: dividends, savings interest, and capital gains. Each has its own allowance and rates. This guide covers the 2026/27 figures, how the allowances stack, and how ISAs sit outside the framework.
UK Tax on Cryptocurrency: HMRC Rules
HMRC treats cryptoassets held by individuals as chargeable for capital gains tax, with income tax applying to mining, staking and airdrops in defined cases. This guide covers pooling, the 30-day rule, reporting thresholds and worked examples.
UK Sole Trader Allowable Expenses: Complete List
UK sole traders can deduct expenses incurred wholly and exclusively for business purposes under section 34 ITTOIA 2005. This guide covers the main categories: travel, premises, equipment, professional services, marketing, and the simplified expenses option.
