GX Tax Partners

Tax Intelligence

Insights from the Senior Partner

Practical tax strategy, compliance guidance and regulatory analysis — written by a Fellow of ACCA with 20 years of forensic experience, and checked against current HMRC and gov.uk guidance.

Start with a guide

Guide · 10 articles
Limited Company Tax

How UK owner-managed companies are taxed — corporation tax, VAT, capital allowances, R&D and exit — and the reliefs a once-a-year review misses.

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Guide · 5 articles
Director Tax

How company directors are taxed and the most efficient ways to take money out — salary, dividends, pensions, loans and benefits — in plain English.

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Guide · 5 articles
Landlord & Property Tax

Tax for UK landlords and property owners — the FHL changes, 60-day CGT, permitted development and Making Tax Digital — explained in plain English.

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All articles

Tax Strategy · 6 min read
What your mortgage interest is actually worth: the finance cost restriction and the April 2027 property rates

Most landlords still think of mortgage interest as an expense.

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Tax Strategy · 6 min read
Moving your rental portfolio into a limited company: what it actually costs to do it

Incorporation is pitched to landlords as the fix for the mortgage interest restriction, and the annual saving can be real.

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Compliance · 7 min read
The Construction Industry Scheme: the obligation most landlords never see coming

Spend enough on builders and the Construction Industry Scheme stops being somebody else's problem and becomes a monthly filing obligation of your own…

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VAT · 6 min read
Crossing the VAT threshold: the two tests, the 30-day trap, and the exception worth claiming

Most owner-managed businesses meet VAT registration late and by accident, because the rules are counter-intuitive in exactly two places.

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Expenses · 7 min read
The electric company car in 2026/27: what the benefit in kind really costs, and where it is heading

Most directors still price an electric company car off the old two per cent figure.

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Tax Strategy · 6 min read
Sold Your Holiday Let After the Rules Changed? The Three-Year Window Most Owners Miss

The abolition of the furnished holiday lettings regime closed the door to business asset disposal relief for holiday-let owners, but the door did not slam…

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Compliance · 7 min read
Renting to Sharers? When a House Needs an HMO Licence, and What It Costs to Get That Wrong

Converting a family house into a shared rental is one of the most heavily promoted routes into property investment, and licensing is the obligation most…

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Compliance · 7 min read
Borrowing From Friends and Investors for Property Deals: The Rule Nobody Mentions

Use other people's money is the most repeated sentence in property education.

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Tax Strategy · 8 min read
Serviced Accommodation in 2026: The Tax and Rules After the Holiday-Let Regime

Serviced accommodation, meaning short stays, nightly pricing and hotel-style turnover, has been sold hard as the highest-income use of a residential…

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Compliance · 7 min read
Just Finished a Property Course? The Compliance Questions to Answer Before Your First Deal

Property training is very good at momentum: strategies, scripts, the encouragement to act.

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Tax Strategy · 6 min read
Salary or Dividend? Structuring a Director's Profit Extraction for 2026/27

For most owner-managers of a UK limited company, a small salary combined with dividends remains the standard way to extract profit in 2026/27, because the…

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Tax Strategy · 6 min read
The Abolition of the Furnished Holiday Lettings Regime: What Landlords Lost from April 2025

The furnished holiday lettings regime, which for decades taxed qualifying holiday lets almost as if they were a trade, was abolished from 6 April 2025 for…

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VAT · 6 min read
The VAT Flat Rate Scheme and the Limited Cost Trader Trap

The VAT Flat Rate Scheme lets a small business pay a fixed percentage of its VAT-inclusive turnover instead of tracking input and output VAT line by line…

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Expenses · 6 min read
Trivial Benefits: The £50 Exemption Owner-Managers Keep Getting Wrong

The statutory trivial benefits exemption lets an employer provide a small benefit worth £50 or less with no income tax, no National Insurance and no P11D…

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Compliance · 6 min read
The 60-Day Rule: Reporting and Paying Capital Gains Tax on UK Residential Property

A taxable gain on UK residential property must be reported and paid within 60 days of completion, through the HMRC Capital Gains Tax on UK property…

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Tax Strategy · 7 min read
Enterprise Management Incentive (EMI) Schemes: The Tax-Advantaged Route to Employee Equity

Enterprise Management Incentive (EMI) options remain the most tax-efficient way for a growth-stage UK trading company to give key employees equity…

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Tax Strategy · 7 min read
Business Asset Disposal Relief in 2026/27: the 18% rate, the £1 million limit, and what still qualifies

Business Asset Disposal Relief still reduces the capital gains tax you pay when selling a trading business, but the rate has climbed from 10% to 14% and…

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Tax Strategy · 6 min read
Employer Pension Contributions: Tax-Efficient Profit Extraction for Company Directors

For owner-managed company directors, an employer pension contribution is frequently the most efficient way to move profit out of the company: it carries…

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Compliance · 6 min read
Benefits in Kind, P11D Reporting and Class 1A National Insurance: A Guide for Owner-Managed Employers

A plain-English guide for owner-managed companies to benefits in kind: what they are, how they are reported on form P11D and P11D(b) by 6 July, and the…

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Compliance · 7 min read
Basis Period Reform: What the Move to the Tax-Year Basis Means for Sole Traders and Partners

Basis period reform has replaced the old current-year basis with a tax-year basis for the self-employed and partners, so profits are now taxed as they…

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Tax Strategy · 6 min read
Full Expensing and UK Capital Allowances: A 2026 Guide for Owner-Managed Companies

Full expensing lets companies deduct the full cost of qualifying new plant and machinery from taxable profits in the year of purchase, and it is now a…

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Tax Strategy · 7 min read
UK R&D Tax Relief Under the Merged Scheme: What the 20% Credit and ERIS Are Actually Worth

For accounting periods beginning on or after 1 April 2024 the separate SME and RDEC schemes are gone, replaced by a single merged expenditure credit and a…

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Tax Strategy · 7 min read
Class Q and Class MA After 2024: Permitted Development for New Homes in England

The 2024 amendments materially widened two of England's most useful permitted development rights: Class Q for agricultural buildings and Class MA for…

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Tax Strategy · 6 min read
Employer National Insurance from April 2025: What the Rate, Threshold and Employment Allowance Changes Mean for Owner-Managed Companies

From 6 April 2025 the employer secondary Class 1 National Insurance rate rose to 15% and the point at which it begins fell to £5,000, while the Employment…

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Compliance · 6 min read
Making Tax Digital for Income Tax: The Rules That Are Now Live for Sole Traders and Landlords

Making Tax Digital for Income Tax Self Assessment is no longer a future project: from 6 April 2026 sole traders and landlords with qualifying income above…

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Compliance · 6 min read
The New Audit Threshold: What Companies Losing Mandatory Audit Must Do Now

SI 2024/1298 raised the UK audit threshold by approximately 50%. Around 14,000 companies will lose mandatory audit.

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Tax Strategy · 7 min read
The Marginal Relief Trap: Why Your Corporation Tax Bill Might Be Wrong

Since 1 April 2023 UK corporation tax has run on a two-rate system bridged by marginal relief.

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VAT · 7 min read
Five VAT Recovery Opportunities Your Accountant Probably Missed

VAT is the tax where the most money falls through the cracks.

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Tax Strategy · 5 min read
Director's Loan Accounts: The Section 455 Tax Charge Nobody Warns You About

If your company has lent you money and the loan is still outstanding nine months after your company's year-end, your company owes HMRC a section 455 CTA…

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Expenses · 6 min read
Your Business Travel Deductions Are Almost Certainly Wrong. Here Is Why.

HMRC allows generous deductions for business travel.

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