Will switching accountants be a problem?
No, we’ll handle the entire transition directly with your previous accountant at no additional cost.
Why choose Durrani & Co?
Over 50 years experience HMRC authorised agents. Qualified experienced accountants. A dedicated point of contact. Fixed monthly fees. No hidden costs.
Who actually needs MTD — Making Tax Digital?
The Self Employed Sole Traders Contractors Landlords Partnerships (from future implementation)
Our assessment of the 2026 inheritance tax reforms and how to take advantage of them.
Frozen inheritance tax thresholds and looming 2026 reforms on business relief are pushing middle-income families into the tax net. Discover how to protect your legacy before the rules tighten.
How can I legally reduce my Inheritance Tax liability?
There are several effective ways to reduce your IHT exposure, including utilizing your annual tax-free gifting allowances, making gifts out of normal surplus income, utilizing trusts, or leaving a portion of your estate to registered charities.
When is Inheritance Tax payable, and who pays it?
Inheritance Tax is usually due within six months of the end of the month in which the person died. It is typically paid out of the deceased person’s estate by the executor or administrator of the will using funds from the estate. If the tax is not paid within this six-month window, HMRC may begin […]
What is the Inheritance Tax threshold in the UK?
Every individual has a tax-free allowance known as the Nil Rate Band, which is currently frozen at £325,000. If you leave your main residence to your direct descendants (such as children or grandchildren), you may also qualify for the Residence Nil Rate Band, providing an additional £175,000 allowance. Married couples and civil partners can also […]
What is the property allowance and how does it work?
The property allowance is a £1,000 tax-free allowance for individuals with property income. If your gross rental income is £1,000 or less, you do not need to declare it. If it exceeds £1,000, you can either deduct actual expenses or claim the £1,000 allowance — whichever is more beneficial for your tax position.
Mortgage Applications
Discuss your plans to apply for a mortgage with us before your accounts and tax return are submitted, as this may affect how certain items are treated.
What is marriage allowance?
Marriage isn’t just about love. It’s an opportunity to unlock financial benefits and allowances.
Make your self-assessment painless in 2024?
Getting your return done and dusted early could give you more time to budget and a lower tax bill. Here’s what to do to get things moving.
