Home

Latest News

By Dan Cozens

1st December 2025

Capital Gains Tax and Inheritance Tax on agricultural land and farms

Selling or transferring agricultural land and farms can have significant tax implications, particularly concerning Capital Gains Tax (CGT) and Inheritance Tax (IHT). Following increased CGT rates and major IHT reforms announced in the 2024 Autumn Budget, and a further amendment in the 2025 Autum Budget, it is important to consider the current rates and the implication of future increases.

Read this post

By Sally Jones

27th November 2025

Bank interest and partial exemption – A new VAT risk for law firms?

Recent increases in interest rates have led many professional services firms to earn more interest on client funds held in deposit accounts. As bank interest may be treated as a VAT-exempt supply, law firms and other businesses with significant interest income should assess whether this additional income affects their ability to recover VAT on overhead costs under the partial exemption rules.

Read this post
digger

By Michael Morris

27th November 2025

VAT Rules for Construction: Zero-Rate, Reverse Charge, and Avoiding HMRC Penalties

VAT rules in construction are complex and it’s vital that building and construction companies are aware of the VAT liability of their supplies, and any associated VAT reclaim criteria on costs. From zero rated VAT to the Domestic Reverse Charge, it’s important to understand what rules apply when for specific projects.

Read this post

By Graham Poles

26th November 2025

Budget 2025: Personal & Inheritance Tax Changes

The freeze continues as widely expected, the Chancellor, faced with a black hole in the public finances, has chosen to freeze income tax thresholds beyond April 2028, when they were due to start to increase. However, she went beyond the expectations of many and has decided that the thresholds should remain frozen for the following three years, meaning there will be no increase until April 2031.

Read this post

By Dan Cozens

20th November 2025

File your tax return ahead of the self-assessment deadline

It is never too early to complete your self-assessment tax return. In fact, as soon as the tax year ends you can submit your tax return. One thing you should avoid is leaving it to the last minute.

Read this post
Tractor ploughing crops

By Keith Johnston

12th November 2025

Are you at risk of losing Inheritance Tax relief on your farm?

There are some restrictions and pitfalls in Inheritance Tax (IHT) legislation which can mean not all of the value of your farm will qualify for Agricultural Property Relief (APR).

Read this post

By Sarah Tallentire

29th October 2025

Leaving the UK? What you need to consider when moving abroad

A  growing number of UK residents are heading overseas in search of better opportunities, lower living costs, and improved quality of life. If you’re drawn to a new life abroad, there are some key considerations to factor into your planning. 

Read this post

By Justin Rourke

29th October 2025

Why business succession planning and asset diversification matter more than ever

Running a family business comes with a unique blend of opportunities and challenges; balancing legacy with innovation, and personal values with commercial goals. Yet, one area that often gets overlooked amid the day-to-day demands is long-term financial planning.

Read this post

By Brian Rudkin

23rd October 2025

National Minimum Wage breaches: Top reasons for underpayment and how to comply

The publication of the names of nearly 500 employers found to have breached employment law has once again placed the spotlight on National Minimum Wage (NMW) compliance and the need for businesses to take proactive steps to ensure they meet their legal obligations to staff.

Read this post

By Hayley Deeming

9th October 2025

Will the 2025 Autumn Budget bring about a further shift in the tax landscape?

This year has already brought a string of changes to various tax measures that have sparked concern for many. We’ve seen increased employer National Insurance Contributions (NICs), planned reductions in Inheritance Tax reliefs and a continued freeze in income tax thresholds, to name but a few. But what could be next, and what scope for change will manifesto commitments allow?

Read this post

Enquiry Form

All content © 2020 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

Armstrong Watson Audit Limited is registered to carry out audit work in the UK by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Audit is a trading style of Armstrong Watson Audit Limited.

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.