General principles: HMRC enquiries and compliance checks

How does the mini budget affect you?

A wide range of possible triggers such as random selection, risk‑based profiling, return errors or omissions, late filing, large or unusual claims, third‑party data, data‑matching systems, and past compliance history tends to cause HM Revenue and Customs (HMRC) in the United Kingdom to open either:

– a formal enquiry into a tax return; or
– a broader compliance check into a person’s tax position

S162 Incorporation Update 2025

Why landlords need succession planning

Eligibility and scope of TCGA 1992 s162] : Confirm that the transfer qualifies as the transfer of a business as a going concern, that all assets other than cash are transferred, and that consideration is wholly or partly in shares.

MTD – Making Tax Digital software – Hammock v Xero

Making Tax Digital - a comparison of Xero and Hammock

Here’s a practical comparison of Xero and Hammock software from a landlord/landlord-portfolio management perspective. It will cover core features, target users, pricing, ease of use, accounting/automation capabilities, rental-specific tools, integrations, security, and who each is best for.

New Changes to Property Incorporation from April 2026 – Budget Nov 2025

New Changes to Property Incorporation from April 2026

Incorporation Relief under Section 162 TCGA 1992 allows a landlord to defer Capital Gains Tax when a property business is transferred into a company in exchange for shares. The relief applies when the rental activity meets the recognised test for a business, rather than a passive investment. Under the current rules, incorporation relief applies automatically when the conditions in s162 are met. From April 2026 the Government will shift incorporation relief from an automatic rule to a claims-based relief.