Tax-Free Winnings? How Gambling Profits Are Treated in the UK
In the UK, gambling winnings are tax-free for players, but understanding when records or reporting might still matter can help you stay informed and financially prepared.
Capital Gains Tax
Financial Year 2025/26: What Has Changed?
As the UK enters the 2025/26 financial year, Chancellor Rachel Reeves unveils key fiscal reforms aimed at addressing fiscal challenges and driving long-term growth across taxation, public investment, and welfare.
Understanding the Tax Implications of Selling Your Home in the UK
Selling your home in the UK involves understanding Capital Gains Tax (CGT) implications, with exemptions like Principal Private Residence Relief (PPR) potentially shielding homeowners from taxable gains.
What is a Wealth Tax and Does It Work?
A wealth tax targets an individual's net worth to combat economic inequality, but faces challenges like administrative complexity and potential capital flight, sparking debate on its effectiveness in funding public services.
Navigating the 2025 UK Budget: Key Changes and What They Mean for You
The 2025 UK Budget introduces key fiscal reforms, including increased National Insurance contributions, capital gains tax hikes, and new taxation rules for non-domiciled residents, while emphasizing public spending efficiency and infrastructure investment.