Tax Saving

UK Taxation of Indian Mutual Fund: Income vs Capital Gain | Exception Explored

January 26, 2025

The taxation of mutual fund proceeds received by UK residents from India has a significant impact on financial planning. The key question often revolves around whether to treat these proceeds as income or capital gains under UK tax laws.This determination depends on the nature of the fund, its classification under UK tax regulations, and whether&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/uk-taxation-of-indian-mutual-fund-income-vs-capital-gain-exception-explored/">View Article</a>

How to Save on Taxes Legally: A Guide for UK Freelancers and Contractors

January 23, 2025

Being a freelancer or contractor it may be very difficult to navigate the UK tax system. However systematic planning and the right strategy can maximize savings while fully compliant with HMRC. Here’s a comprehensive guide to help you save on taxes legally and efficiently. Know Your Tax Obligations Being a freelancer or contractor you should&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/how-to-save-on-taxes-legally-a-guide-for-uk-freelancers-and-contractors/">View Article</a>

Individual Savings Accounts &#8211; An Insights

June 20, 2024

Are you a UK taxpayer relying on a traditional savings account? Are you in between the basic rate and higher rate taxpayer? If yes, you should switch to an Individual Savings Account. Started on 6 April 1999 by the UK Government, this one aims to encourage people to save more money. Unlike traditional savings accounts&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/individual-savings-accounts-an-insights/">View Article</a>

Unconventional Tax-Saving Strategies for UK Businesses

April 11, 2024

Working tirelessly but ending up paying a significant amount in taxes causes a lot of frustration, especially when some people always figure out a way to pay less tax. Yes, there must be some way of reducing it. As a result, many taxpayers are now actively looking for a solution. Of course, they want to&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/unconventional-tax-saving-strategies-for-uk-businesses/">View Article</a>

Boost Your Tax Savings &#8211; Unique Strategies for Uber Drivers in the UK

March 21, 2024

With more people across the world looking for opportunities that enable them to earn at flexible work hours, platforms like Uber will continue to thrive. Today, over 100,000 people are working for this platform in the United Kingdom. However, while it is a cakewalk to start work as an Uber driver, navigating its tax implications&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/boost-your-tax-savings-unique-strategies-for-uber-drivers-in-the-uk/">View Article</a>

Unlocking Insights &#8211; Navigating Child Benefit Policies in the UK

March 20, 2024

With the cost of living increasing in the United Kingdom, it is important to make the most of the financial support available from the Government and child benefit is one among them. It is a known fact that parenthood is quite challenging where you have to make many important decisions for your child, but it&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/unlocking-insights-navigating-child-benefit-policies-in-the-uk/">View Article</a>

Estate Planning in the UK &#8211; How to Minimize Inheritance Tax and Preserve Wealth

February 29, 2024

Amidst rising interest rates and high inflation figures, it has become all the more important to do estate planning. Know what is estate planning? You may have heard about will or power of attorney. Well, these are all legal documents that are necessary to create to ensure that a person&#8217;s wishes are carried out and&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/estate-planning-in-the-uk-how-to-minimize-inheritance-tax-and-preserve-wealth/">View Article</a>

Charitable Giving and Tax Relief: Doing Good While Saving Money

February 20, 2024

We all want a better world to live-a world of happiness, a good environment and ample space for different communities to thrive. Today, many people are relentlessly making conscious efforts to make this a reality by giving away a part of their wealth to less privileged ones. These acts of charity make the giver an&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/charitable-giving-and-tax-relief-doing-good-while-saving-money/">View Article</a>

Know Tax-Efficient Investments for Higher-Rate Taxpayers in the UK

September 24, 2023

Are you someone required to pay a higher percentage of your income as taxes in the UK? Are you paying tax at a rate of 40 % as your taxable income is within £50,271 to £125,140? Do you think blaming the progressive tax system will make any sense? Well, it is never too late, and&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/know-tax-efficient-investments-for-higher-rate-taxpayers-in-the-uk/">View Article</a>

Things You Can Do If You Disagree With HMRC

March 18, 2023

Sometimes, you may receive a tax assessment or decision from HM Revenue and Customs (HMRC) with which you disagree strongly. Now, this can be a frustrating and stressful experience. There is no need to feel stressed as there are some steps you can take to challenge the decision and resolve the issue. However, first, review&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/things-you-can-do-if-you-disagree-with-hmrc/">View Article</a>

5 forgotten loss relief individual can claim in tax return

March 10, 2023

What do you mean by a loss in parlance to the Income tax regulations? In the context of income tax, a loss is the amount by which an individual&#8217;s total allowable expenses exceed their taxable income in a given tax year. This means that the individual did not earn enough income to cover all of&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/5-forgotten-loss-relief-individual-can-claim-in-tax-return/">View Article</a>

7 Tax Saving Tips To Cope With The Cost Of Living Crisis In UK

November 04, 2022

If the pandemic was not enough to cause havoc on the economy, the recent Russian invasion of Ukraine has caused an unprecedented rise in inflation. Out of all the countries deeply affected by this recent development, UK is the most affected. The worst fits are the food and energy. Although the Government is taking ample&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/7-tax-saving-tips-to-cope-with-the-cost-of-living-crisis-in-uk/">View Article</a>