Simply put, Stamp Duty is payable when you buy shares and Stamp Duty Land Tax (SDLT) is payable when you purchase land or building.  Since introduction of the higher rates of SDLT on 1 April 2016, evaluating the stamp duty land tax exposure on purchase of a second home or an additional residential property has become a common exercise.  At times when a significant SDLT exposure can be a deal breaker, we advise our clients on various SDLT matters.

Stamp Duty Land Tax (SDLT)

On the SDLT front, we advise our clients on how they can mitigate the additional SDLT.  Some of the examples of our SDLT advisory include:

• SDLT on purchase of mixed use property to include residential property and commercial property, woodland or farmland
• SDLT on Linked Transactions
• SDLT on the sale of garden or grounds of a dwelling
• SDLT on buying out the other joint owner
• SDLT on exchanging land or building
• Recovery of SDLT on Replacement of Main Residence

In the above examples, it is important to establish; the use of the property, whether more than one parties are purchasing two separate parts of the property, connection between the parties, whether garden or grounds qualify as part of a dwelling or an agricultural land, has the main home been truly replaced within the specified time period and many other complicated and subjective factors.

As well as the private clients, we also help business clients with their SDLT requirements.  We can help businesses with the SDLT reliefs where a transfer of land or building takes place within the group or as a result of a takeover or business reconstruction.

We also advise non UK resident clients on the SDLT exposure.

Although, SDLT is a complex tax and at times the solicitors involved in conveyancing are unable to help their clients, we at Spherical Chartered Tax Advisers can help you with your SDLT matter.

Stamp Duty Relief on Shares

We help our business clients by advising them on the Stamp Duty matters.  These include, help with stamping of the Stock Transfer Forms,  Acquisition and Reconstruction Reliefs and HMRC clearances.

We encourage our clients to always seek professional advice.  Our experts are happy to help you with your unique Stamp Duty and Stamp Duty Land Tax needs.  Please feel free to call us on 020 7859 4047 or via email at info@sphericaltax.co.uk.

Expert Advice for Optimal Tax Efficiency. Receive trusted tax advice from our London-based firm for efficient management of trust and estate taxation, ensuring compliance and maximising tax benefits.

Our expert team of tax advisors is here to provide you with comprehensive guidance and strategic solutions to navigate through the complex realm of trust and estate taxation. With our in-depth knowledge and experience in this area, we ensure that you receive the best advice tailored to your unique circumstances.

Introduction

At Spherical, we understand the importance of managing the taxation of trusts and estates effectively. Our experienced team of tax advisers is well-versed in the intricacies of trust and estate taxation laws in the UK. We work closely with clients to devise innovative and comprehensive solutions that minimise tax liabilities while ensuring compliance with the HM Revenue & Customs (HMRC) regulations.

Key Services

Trust Taxation Planning

Our tax advisors will assess the tax implications of various trust structures and help you develop a customised plan that aligns with your financial goals. By considering factors such as income tax, capital gains tax, and inheritance tax, we strive to ensure that your trusts are structured in the most tax-efficient manner.

Estate Taxation

Dealing with estate taxation requires meticulous planning to minimise tax burdens for beneficiaries. Our team will guide you through the complexities of inheritance tax laws, enabling you to navigate the system smoothly. We take a proactive approach to creating effective estate planning strategies that preserve your wealth and maximise the benefits for your loved ones.

Compliance and Reporting

Our tax advisors are well-versed in the latest regulations and reporting requirements imposed by HMRC. We remain up-to-date with changes in tax laws, ensuring that your trust and estate tax returns are accurate, well-prepared, and submitted on time. Our meticulous attention to detail guarantees a seamless compliance process, minimising the risk of penalties or audits.

Tax Dispute Resolution

In the event of a tax dispute with HMRC regarding trust or estate taxation, our team will provide skilled advocacy and representation. We will work tirelessly to resolve the dispute promptly and achieve the most favourable outcome for you. Trust our experience and expertise to navigate the complexities of HMRC investigations and negotiations.

Why Choose Us

Specialised Expertise

Our dedicated team of tax advisors possesses a deep understanding of trust and estate taxation. We stay updated with the latest developments in tax laws, enabling us to offer cutting-edge strategies designed to optimise your tax efficiency.

Personalised Solutions

We recognise that every client’s situation is unique. Our approach is highly individualised, taking into account your specific goals, circumstances, and risk appetite. By closely collaborating with you, we develop strategies that maximise your financial benefits and protect your wealth.

Exceptional Client Service

We prioritise building strong, long-lasting relationships with our clients. Our commitment to exceptional client service ensures that you receive timely responses, clear communication, and a proactive approach to meeting your evolving needs.

Our comprehensive income tax, capital gains tax, and inheritance planning services in the UK ensure compliance and maximised tax savings. Trust our experts to navigate the complexities seamlessly. We cater for both UK and Non-UK resident clients. 

Welcome to Spherical Accountants, your trusted partner for income tax, capital gains tax, and inheritance planning and compliance services in the UK. Our team of experienced tax professionals is dedicated to helping you optimise your financial strategies, minimise tax liabilities, and ensure seamless compliance with the ever-evolving tax regulations.

Our Services

Income Tax Services

Our income tax services ensure foul proof planning and compliance for both UK and non-UK resident clients. Whether you are an internationally mobile employee or a non-UK domiciled, UK resident individual, our tax experts are equipped to help you with all the areas of income tax. Cross-border taxation, remittance basis claim, section 690 direction, national insurance and taxation of employment-related securities are some examples.

Capital Gains Tax Planning & Compliance

Navigating the complexities of capital gains tax requires a strategic approach. Our specialists are well-versed in analysing your investments, properties, and assets to create customised plans that minimise your capital gains tax liabilities. We ensure you benefit from available exemptions, reliefs, and allowances while staying fully compliant. Whether you are planning to sell your main home or your company, our capital gains tax experts would be happy to help you.

Inheritance Planning & Compliance

Secure your family’s financial future with our comprehensive inheritance planning services. We understand the importance of preserving your wealth for the next generation. Our team helps you create tax-efficient strategies for passing on your assets while complying with inheritance tax regulations. Safeguard your legacy today.

Why Choose Us

Expertise and Experience

Our team comprises highly skilled tax professionals with years of experience in the UK tax landscape. We stay updated with the latest regulations and changes to offer you accurate advice and solutions.

Tailored Strategies

We recognise that every financial situation is unique. Our services are fully customised to your needs, ensuring that you receive the most effective strategies for your income tax, capital gains tax, and inheritance planning.

Comprehensive Compliance

Staying compliant with the UK’s intricate tax laws is crucial. Our specialists ensure that your tax planning aligns with the legal framework, minimising the risk of penalties and audits.

Client-Centric Approach

Your financial goals are our priority. We listen to your concerns, understand your objectives, and work closely with you to develop strategies that align with your aspirations.

Transparent and Clear Communication

We believe in open communication. Throughout our collaboration, we’ll keep you informed about the progress of your tax planning and compliance, providing explanations in plain language.

Contact Us

Ready to take control of your income tax, capital gains tax, and inheritance planning? Contact Spherical Accountants for a personalised consultation. Our experts are here to guide you through the complexities of the UK tax landscape, ensuring a secure financial future for you and your loved ones.

You can reach us by calling us on 020 7859 4047 or via email at info@sphericalaccountants.co.uk

Safeguard your financial interests with our expert tax investigation services. Our team assists with HMRC compliance checks and investigations, providing comprehensive support and peace of mind.

We offer comprehensive tax investigation services and expertise in dealing with HM Revenue & Customs (HMRC) compliance checks. Our experienced team of tax professionals understands the complexities of HMRC investigations and can provide you with exceptional support throughout the process. Whether you are facing a routine HMRC check or a full-scale tax investigation, we are here to guide you and ensure that your tax affairs are in order.

Key Services

HMRC Compliance Check Assistance

If you are selected for an HMRC compliance check, it is essential to approach the process with diligence and accuracy. Our team will assist you in collecting and presenting the necessary documents and information to HMRC, ensuring compliance with their requests and minimising any disruption to your business or personal affairs. We provide comprehensive support throughout the check, liaising with HMRC on your behalf to address any queries or concerns.

Tax Investigation Support

Facing a full-scale tax investigation can be a complex and time-consuming process. Our team has extensive experience in handling tax investigations, ranging from routine compliance checks to more in-depth investigations. We will work closely with you, guiding you through each stage of the investigation, and ensuring that you understand the process and your rights. Our goal is to help you resolve the investigation efficiently and minimise any potential penalties or liabilities.

Comprehensive Review of Tax Affairs

Before and during an HMRC check or tax investigation, it is crucial to review your tax affairs thoroughly. Our tax professionals will conduct a comprehensive review of your tax records, identifying any potential issues or areas of concern. Through this process, we can proactively address any deficiencies, rectify errors, and ensure that your tax affairs are in order, mitigating potential risks during an HMRC check or investigation.

Negotiations with HMRC

Our team will represent and advocate for you during negotiations with HMRC. We have a deep understanding of the tax legislation and regulations, enabling us to present your case effectively, putting forth the strongest arguments in your favour. Our aim is to achieve the most favourable outcome possible, reducing any tax liabilities or penalties that may arise from an HMRC check or investigation.

Why Choose Us

Expertise and Experience

Our tax professionals possess the expertise and experience necessary to handle HMRC checks and tax investigations effectively. We stay up-to-date with the latest tax legislation, ensuring that our advice reflects the current regulatory landscape.

Proactive Approach

We take a proactive approach to assisting our clients during HMRC checks and investigations. Our team will carefully analyse your tax affairs, identifying any potential issues in advance and working with you to resolve them promptly to avoid triggering an investigation or HMRC check.

Confidentiality and Trust

We understand the sensitive nature of tax investigations and the need for confidentiality. You can trust us to handle your case with the utmost discretion, maintaining the highest level of confidentiality throughout the process.

Welcome to our comprehensive international tax advisory services for private clients in the UK. With the increasing globalisation and complexity of tax laws, navigating the intricacies of international taxation can be overwhelming. Our expert team is here to provide tailored solutions to help you optimise your tax position, ensure compliance, and maximise your wealth across borders.

Why Choose Our International Tax Advisory Services

Specialised Expertise

Our team of expert tax advisers possesses extensive knowledge of international tax laws, regulations, and treaties. We stay up-to-date with the latest developments to provide you with accurate advice that aligns with your unique financial situation.

Personalised Solutions

Understanding that each client’s circumstances are distinct, we offer personalised tax strategies designed to meet your specific needs and financial objectives. Whether you’re an expatriate, a high-net-worth individual, or a business owner with international interests, we tailor our advice to optimise your tax efficiency.

Cross-Border Tax Planning

Effective cross-border tax planning is essential to minimise tax liabilities and avoid potential double taxation. Our experts excel in creating tax-efficient structures that encompass overseas trusts, company formations, and residency planning to optimise your tax position.

Compliance and Reporting

Staying compliant with tax regulations is crucial to avoid penalties and legal complications. Our team will ensure that you meet all necessary reporting requirements, including Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) obligations.

Estate and Inheritance Tax Planning

Preserving your wealth for future generations requires careful estate and inheritance tax planning. Our advisors will work closely with you to develop strategies that safeguard your assets within the UK and worldwide and minimise tax liabilities for your beneficiaries.

Our Clients

1.  Internationally Mobile Employees.

2. Foreign Investors in the UK.

3. British Expats working or living abroad.

4. Landlords with foreign rental income.

5. Any UK individual with overseas links.

6. Any foreign individual with UK links.

As international tax regulations continue to evolve, having the right guidance and expertise is paramount to secure your financial future. Our specialised international tax advisory services for private clients in the UK offer tailored solutions that align with your unique needs, ensuring optimal tax efficiency and compliance in an ever-changing global tax landscape. Take advantage of our expertise today and unlock the full potential of your international financial endeavours.

We are a team of expert tax advisers who can help you determine your residency and domicile status, claim the remittance basis, remit funds from overseas to the UK in the most tax-efficient manner and advise on keeping clean funds before you become a UK resident.

Contact us to discuss your circumstances with our expert advisers to enable us to assist you in navigating the complexities of international taxation.

Navigating the financial complexities of a relationship breakdown is one of life’s greatest challenges. At Spherical, our London-based Chartered Tax Advisers provide specialist guidance on Capital Gains Tax (CGT) on divorce and separation, ensuring you benefit from the latest legislative changes while minimising your tax liabilities.

With the significant HMRC rule changes implemented in April 2023 and subsequent rate adjustments in 2024 and 2025, separating couples now have more time to reorganise their affairs. However, the window for tax-free transfers is not infinite. We help you understand these windows of opportunity and protect your financial future.

Strategic Tax Planning for Matrimonial Assets

Our advisors assess your total asset portfolio—including property, shares, and business interests—to develop a personalised CGT strategy.

1.The Family Home & PPR Relief

The family home is often the largest asset. We provide specialist advice on how to retain PPR relief for the spouse who has moved out. Under the new rules introduced from 2026, you can often treat the property as your main residence for tax purposes until the date of sale, preventing a significant tax bill when the house is eventually sold or transferred.

2. HMRC Compliance: The 60-Day Rule

Since April 2020, UK residents must report and pay CGT on the disposal of residential property within 60 days of completion. Our team handles the meticulous preparation and filing of these returns to avoid costly penalties and interest.

Tax Pitfalls for Business Owners during Divorce

When a marriage involves a private limited company, the stakes are significantly higher. HMRC’s view of business asset transfers is complex, and failing to plan can lead to a “dry tax charge.”

The Dividend Trap: If a company buys back shares to facilitate a divorce settlement, HMRC may tax the proceeds as a Dividend rather than a Capital Gain.

BADR Rate Increases: Business Asset Disposal Relief (formerly Entrepreneurs’ Relief) is changing. The rate increased to 14% in April 2025 and will rise to 18% in April 2026. Timing your settlement is now more critical than ever.

Hold-over Relief: You may be able to defer tax by “holding over” the gain to your spouse, but they will inherit your original cost base. This must be factored into the “fair value” of the split.

Frequently Asked Questions (FAQs)

Do I pay Capital Gains Tax if I transfer my share of the house to my ex?

Generally, no. If you transfer your interest within three years of the tax year you separated—or at any time if it is part of a formal court order—the transfer is treated as “no gain, no loss.” No immediate tax is due, but the receiving spouse takes on the original cost for future tax purposes.

What happens if I moved out years ago? Can I still claim PPR relief?

Yes. If your ex-spouse still lives in the home, you can elect to treat the property as your main residence for the period you were absent, provided you haven’t nominated another property as your main residence for tax during that time.

What is a “Mesher Order” and how does it affect my taxes?

A Mesher Order defers the sale of the home (e.g., until children finish school). Under current rules, the spouse who moved out can still claim PPR relief when the house is finally sold, even if it is many years later, preventing the “tax trap” that previously penalised departing parents.

We separated before April 2023; do the new rules apply to us?

The new rules apply to any disposals (transfers or sales) that take place on or after 6 April 2023. Even if you separated years ago, if you are only now transferring assets as part of your final settlement, you can likely benefit from the extended windows.

Why Choose Spherical for Divorce Tax Advice?

Up-to-Date Expertise: We specialise in the 2024–2026 legislative updates.

Tailored Solutions: We provide pragmatic, sensitive, and bespoke advice for high-net-worth portfolios.

Confidentiality: We work seamlessly with your legal counsel with the utmost discretion.

Ready to protect your assets?

Contact Spherical today for advice on capital gains tax on separation and divorce or to request a Single Joint Expert Report for FDRs and court hearings.

Welcome to Spherical, your one-stop solution for comprehensive and expert Employment Tax services in the UK. Our dedicated team of tax consultants specialises in navigating the intricacies of employment-related tax obligations, ensuring compliance, and optimising tax benefits for both employees and employers.

Why Choose Our Employment Tax Services

Specialised Expertise

At Spherical, we pride ourselves on having a team of experienced tax advisers with in-depth knowledge of UK employment tax laws and regulations. Our experts stay up-to-date with the latest changes, ensuring accurate advice and strategies tailored to your tax needs.

Compliance Assurance

Employment taxes can be complex. Trust our professionals to ensure you stay compliant with HMRC’s regulations, avoiding penalties and unnecessary stress.

Personalised Solutions

We understand that every individual has unique tax requirements. Our team takes the time to understand your specific query, to be able to provide a personalised solution that aligns with your specific needs.

Tax Planning and Optimisation

Reduce tax liabilities while optimising your tax position with our strategic tax planning services. We will work closely with you to identify opportunities for tax savings, ultimately contributing to your bottom line.

Risk Mitigation

Minimise the risk of tax-related issues, HMRC inquiries, and compliance checks through our meticulous employment tax services. We will help you implement robust processes and controls, safeguarding your business from potential tax pitfalls.

Our Employment Tax Services Include

PAYE Registration and Setup

Hassle-free registration and setup for the Pay As You Earn (PAYE) tax scheme, allowing you to employ staff and fulfil your tax obligations effortlessly.

PAYE Compliance and Reporting

Precise and timely submission of PAYE returns and associated reports to HMRC, ensuring compliance with reporting requirements.

National Insurance Contributions (NICs) Guidance

Comprehensive guidance on National Insurance Contributions, enabling you to meet your obligations both as an employer and employee.

Tax-Efficient Employee Benefits

Advice on tax-efficient employee benefits and reward schemes, helping you attract and retain top talent while minimising tax burdens.

Expenses and Benefits Analysis

Analysis of expenses and benefits provided to employees, ensuring they are treated correctly for tax purposes, and optimising tax efficiency.

Employment Status Assessment

Determining the employment status of workers to ensure proper tax treatment and avoid potential IR35-related issues.

Employees

Generally, as an employee, the deductions from your gross salary include the deductions of tax via the PAYE code, Employee’s National Insurance, Student Loan and Pension Contributions. Sometimes, however, employees are required to submit a self-assessment tax return because either they receive taxable benefits or their income is at a threshold where a tax return is required.

Matters become more complex if you are an employee of a UK company working abroad or an employee from another country seconded to the UK. Sometimes, employers issue employment-related securities like shares to their employees in which case you may immediately become liable to the UK tax.

Whether you need bespoke advice related to your PAYE code or need help with filing a complex self-assessment tax return, our qualified and expert tax advisers are a phone call away to help you.

Employers

As an employer the biggest challenge sometimes is to retain the staff and to do so, you may decide to give performance-related bonuses, shares in your company, or offer to contribute towards an employee’s personal pension and provide other benefits like a company car, gym membership, private medical insurance, vouchers and other perks.

All the above come with rigorous tax and national insurance planning and reporting requirements.

When it comes to employment taxes in the UK, partnering with Spherical ensures you have a team of experienced tax professionals by your side. We provide expert advice, compliance assurance, and personalised solutions that align with your business objectives. Let us handle the complexities of employment tax, so you can focus on running and growing your business with confidence. Contact us today for a consultation and take the first step toward tax efficiency and compliance.

Preparing and filing a Trust & Estate Tax Return in the UK is a crucial responsibility for trustees and executors. It ensures that all income and capital gains within a discretionary trust, a life interest trust, or a deceased person’s estate are reported accurately to HM Revenue & Customs (HMRC) and that the correct tax is paid.

This process can be complex, but it is essential for compliance with UK tax legislation. Moreover, timely and precise tax return filing helps avoid penalties and protects the interests of beneficiaries.

Here we explain what Trust and Estate Tax Returns involve, who needs to file them, and how our team at Spherical can assist you in navigating these obligations smoothly.

Understanding Trust and Estate Tax Returns

In the UK, trusts and estates are taxed as separate entities, and they often require an annual tax return, form SA900, also known as the Trust and Estate Tax Return.

Trustees of trusts and personal representatives (executors or administrators) of estates have a legal duty to file these tax returns on behalf of the trust or estate. The Trust and Estate Tax Return reports all taxable income, such as interest, dividends, or rental income and capital gains realised by the trust or estate during the tax year.

Completing this return is part of the UK Self Assessment system. Therefore, trustees and executors must gather detailed financial information, calculate any tax liabilities, and submit the return to HMRC by the deadline.

Not only does this ensure compliance with HMRC regulations, but also it provides transparency to beneficiaries about the trust’s or estate’s finances. Filing accurately and on time is critical; otherwise, HMRC may issue penalties or charge interest on unpaid taxes.

In addition, even if no tax is ultimately due, a return might still need to be filed if HMRC has sent a notice to file or if the trust/estate received any untaxed income.

Who Must File a Trust & Estate Tax Return?

Trustees of nearly all UK trusts and executors or administrators of a deceased person’s estate must consider the Trust & Estate Tax Return requirements. If you are managing a discretionary trust, an interest in possession (life interest) trust, or handling the administration of an estate, you typically need to file a tax return if the trust or estate has any taxable income or gains in the year.

For example, if a trust earns bank interest, receives dividends, or collects rental income from property, those receipts must be reported.

Similarly, if the trustees or executors sell assets, such as stocks or real estate and realise a capital gain, they must declare it on the tax return.

It’s worth noting that even if the trust’s income is below certain thresholds or tax has already been paid at source, a return may still be required.

Likewise, estates in administration may need to file a return if the estate earned income during the period after death and before assets were distributed, even if that income was modest.

Importance of Compliance and Deadlines

Trust and estate tax compliance is not optional – it is a legal obligation. Therefore, understanding the filing deadlines and requirements is essential. In the UK, the deadlines for Trust & Estate Tax Returns mirror those for individual self assessment tax returns in many cases.

If you file the return on paper, using form SA900, it must reach HMRC by 31 October following the end of the tax year. However, if you file online, using HMRC-approved software, since HMRC’s standard online portal doesn’t support trust returns, the deadline is 31 January following the end of the tax year.

Discretionary Trusts: Tax Returns and Obligations

Discretionary trusts are common in UK estate planning, and they come with specific tax rules. In a discretionary trust, the trustees have discretion over how and when to distribute income or capital to beneficiaries.

From a tax perspective, discretionary trusts are subject to special trust tax rates. The trustees are typically responsible for paying Income Tax on the trust’s income at the trust rates, which are usually higher than individual basic rates.

Additionally, if the trust made a capital gain above the annual exempt amount for trusts, which is usually half the personal Capital Gains Tax allowance, the return will calculate any Capital Gains Tax due.

Moreover, the tax return process for discretionary trusts involves detailing any distributions made to beneficiaries. When beneficiaries receive distributions from a discretionary trust, they get a credit for the tax already paid by the trustees and a Form R185 (Trust Income Statement) is required. The tax return helps ensure that all these aspects are properly reported.

Life Interest Trusts (Interest in Possession Trusts)

Life interest trusts, also called interest in possession trusts, give a named individual, often called the life tenant the right to receive all income from the trust during their lifetime.

For instance, a common arrangement is where a surviving spouse has a life interest in a trust created by their late partner’s Will: the spouse receives all trust income for life, and after the spouse’s death, the capital passes to children or other beneficiaries.

This structure has distinct tax implications, and the filing of the Trust & Estate Tax Return for such trusts reflects those rules.

In a life interest trust, the trustees usually pay Income Tax at the basic rate on the trust’s income.

As a result, when the life tenant receives the income, it’s usually with basic rate tax already deducted. If the life tenant is a basic rate taxpayer or non-taxpayer, they may have no further tax to pay, they could even reclaim tax if they pay no tax personally.

On the other hand, if the life tenant is a higher or additional rate taxpayer, they would need to pay extra tax through their own self assessment.

The trustees of a life interest trust must still file an annual tax return (SA900) to report the trust’s income and any gains. They will declare that Income Tax has been paid at source on the income.

Additionally, any capital gains within the trust are reported similarly to other trusts. It’s important for trustees to provide the life tenant and any remainder beneficiaries, if relevant with information about the trust’s income and tax paid, again via form R185.

Ultimately, while life interest trusts have a more straightforward income tax treatment than discretionary trusts, the annual tax return is still essential to ensure HMRC receives a full account of the trust’s finances.

We help trustees of interest in possession trusts handle these filings, ensuring that the division between trustee-paid tax and beneficiary obligations is clearly documented and understood.

Deceased Estates and Estate Tax Returns

When someone dies, their estate i.e. the total of their property, money, and other assets may continue to generate income during the administration period before everything is distributed to the beneficiaries.

Common examples include bank accounts accruing interest, rental income from a property, or dividends from shares that the deceased held.

The personal representatives (executors or administrators) managing the estate are responsible for any necessary tax filings during this period.

This can involve two main filings: the final personal tax return for the portion of the tax year up to the date of death, and if the estate continues to have income after death, the Trust & Estate Tax Return for the estate itself during administration.

From a tax rate perspective, estates in administration are generally taxed like interest-in-possession trusts: income is subject to basic rate tax.

They would then pass the net income to beneficiaries, along with a statement of tax paid, on form R185E for estate income. Beneficiaries might have further tax to pay depending on their own tax situation, or they might claim refunds if appropriate.

Moreover, if the estate sells assets and incurs capital gains, the executors need to calculate any Capital Gains Tax for the estate.

Ultimately, filing an estate tax return ensures transparency and proper settlement of all Income Tax and Capital Gains Tax before the estate is wound up. It is a final step to make sure HMRC has no outstanding claims on the income generated by the deceased’s assets during administration.

Because grieving families and busy executors have a lot to manage, it is often advisable to seek professional assistance in preparing the estate’s tax return.

At Spherical, we work with executors to handle estate tax returns meticulously, giving executors and beneficiaries confidence that all tax matters have been resolved correctly.

Why Choose Professional Assistance?

Trust and estate tax returns can be complicated due to the varying tax treatments for different types of trusts and the need to account for all sorts of income and gains. Furthermore, HMRC’s filing process for trusts and estates, especially using the SA900 form and associated schedules is more involved than a standard individual tax return.

Many trustees and executors find it challenging to interpret the rules, ensure they’re claiming available allowances, and get the figures right. Professional guidance can make a significant difference. Here’s why working with Spherical on your trust or estate tax return is beneficial.

Expertise in UK Trust Taxation

Our tax professionals stay up-to-date with UK tax legislation and HMRC guidelines regarding discretionary trusts, life interest trusts, and estates. We understand the nuances — from the special tax rates that apply to trusts to the latest changes in tax law — so you don’t have to worry about overlooking anything important.

Additionally, we ensure that every relevant detail i.e. income type, expenses, distributions, etc. is correctly recorded.

Accurate and Efficient Filing

We gather all necessary information and documentation such as investment statements, bank interest certificates, property income records, and details of any distributions to beneficiaries.

Then we prepare the Trust & Estate Tax Return (SA900 and any supplementary pages required) accurately.

Because we use HMRC-approved software for trust and estate returns, we can file online on your behalf, which is typically faster and more secure.

Moreover, we double-check calculations and reconcile figures to documents, minimizing the risk of HMRC inquiries or mistakes that could lead to penalties.

Compliance and Peace of Mind

By entrusting this process to professionals, you ensure full compliance with HMRC deadlines and requirements. We keep track of key dates such as the 31 January online filing deadline and any payment due dates.

As a result, you can have peace of mind that no deadline will be missed and no regulatory step neglected. We also handle any follow-up correspondence with HMRC if questions arise, saving you time and stress.

Personalised Advice

Every trust and estate is unique. We provide tailored advice on matters like optimising distributions for tax efficiency, handling any Inheritance Tax reporting (if it overlaps with the income tax return period), and planning for future tax obligations.

In addition, we can communicate with your solicitors or financial advisors to ensure a coordinated approach to managing the trust or estate.

In summary, working with Spherical means you have dedicated support through what can otherwise be a daunting task.

Not only do you reduce the risk of errors, but also you free yourself to focus on other important responsibilities, knowing the tax affairs are in capable hands.

Our professional, friendly team has extensive experience with trust and estate tax returns in the UK, and we are here to help high-net-worth families, trustees, solicitors, and executors navigate these duties efficiently.

Filing a personal tax return, also known as self assessment tax return is a yearly reality for many UK individuals with diverse income sources. At Spherical, we offer professional yet approachable support to make your Self Assessment process smooth, accurate, and stress-free.

Whether you’re a high-earning professional, self-employed, a landlord, an investor, or have income from abroad, our expert team will ensure your tax return is completed correctly and optimised to minimize your tax liability within the law.

Spherical will assist in compiling your business accounts for the year, identifying every expense you can claim to reduce your taxable profit, and accurately compute your tax and NICs — ensuring that being your own boss doesn’t come with unwelcome tax surprises.

Rental Income

Rental property income is another common reason to require a personal tax return. If you rent out a house, flat or any property (or even part of your home), you need to declare your rental income on a Self Assessment return if it exceeds the tax-free property allowance (£1,000).

We help landlords report all rental receipts and deduct eligible expenses like mortgage interest (subject to current limits), repairs, insurance, and letting agent fees, so that you are taxed only on your net rental profit. Even if your profit is small or nil after expenses, it’s important to file if your gross rental income was above the allowance.

If you’re a non-resident landlord receiving UK rental income, we’ll ensure your UK tax obligations are met and any applicable double-taxation relief is claimed. With Spherical’s guidance, you can be confident that your rental earnings are fully compliant and optimized for tax efficiency.

Investment Income (Interest & Dividends)

Many individuals receive income from investments – typically interest from savings or bonds, and dividends from shares. These are subject to special tax rules and allowances.  If your interest or dividend income exceeds certain allowances, or if you’re a higher-rate taxpayer who needs to pay additional tax on dividends, you are required to report this on a Self Assessment return.

For example, dividend income above the annual allowance is taxed at basic rate band or higher, depending on your total income, and this must be settled via a tax return. Spherical will collate all your investment income – including interest, dividends, and any other returns – and correctly apply the allowances.

We make sure that any extra tax due on investments is calculated accurately. If you have significant investments or multiple accounts, our team’s meticulous approach prevents oversight, so all your savings and investment income is accounted for in the most tax-efficient way.

Capital Gains

A capital gain arises when you sell or dispose of an asset for more than you paid for it. You might incur capital gains tax (CGT) if, for instance, you sold a second property, stocks, cryptocurrency, or a valuable collectible at a profit. Each individual has an annual CGT exemption (Annual Exempt Amount); only gains above this amount are taxable.

If your total gains in a tax year exceed the allowance or if you sold an asset that required reporting (such as a property where CGT is due), you must include the details on your tax return. Calculating capital gains can be complex – you’re allowed to deduct costs like purchase price, improvement expenses, and selling costs, and there are different tax rates for property vs. financial assets.

Our experts at Spherical will compute your gains precisely, apply any available reliefs (for example, Business Asset Disposal Relief for qualifying business sales, or Principal Private Residence Relief for your main home), and determine the correct amount of CGT.

We will also make sure to declare any capital losses you had, as these can be used to offset gains and reduce your tax bill. By entrusting us with your capital gains reporting, you can be confident that no detail is overlooked – from correctly reporting the gain to meeting deadlines for any separate HMRC filings that may be required when selling property.

Residence & Foreign Income

Your residence status affects what income you need to report in the UK. In general, if you are a UK resident, HMRC expects you to report your worldwide income on your UK tax return. This means even income from abroad – foreign salaries, overseas rentals, investments in other countries – must be declared here, even if it has been taxed elsewhere.

There is a common misunderstanding that you can ignore foreign income taxed overseas if you don’t bring it into the UK, but this is not correct in all the cases.

If you’re non-UK resident, you typically only need to report and pay UK tax on your UK-sourced income, for example, UK rents or UK employment income. Non-residents generally don’t pay UK tax on purely foreign income, but they may still need to file a tax return to declare UK income or gains.

We handle all the complex rules around residency and domicile, ensuring that expatriates, international professionals, and non-residents meet their UK tax obligations while avoiding double taxation. If you have paid foreign taxes, we’ll claim the appropriate Foreign Tax Credit Relief on your UK return, so you don’t pay tax twice on the same income.

Our Expertise

Employment Income	Property Income
Non-Domiciled UK Residents	Non-UK Residents
Capital Gains	Foreign Income
Members of Partnership	Trust Income
Dividends Income	Interest Income
We cover all aspects of Self Assessment Tax Return
We can advise you on various aspects of Income Tax, Capital Gains Tax and Inheritance Tax.

Why Spherical?

Choosing Spherical means choosing peace of mind for your personal tax matters. We provide:

Qualified Tax Experts: Our team consists of experienced chartered tax advisers who specialise in UK personal tax. We stay up-to-date with the latest tax laws, so your return is in trusted hands.

Personalised Service: No two taxpayers are alike. We take time to understand your unique situation – whether you have one straightforward PAYE job or a complex mix of incomes – and tailor our advice to maximise your tax savings.

Accuracy & Compliance: We prepare and double-check your Self Assessment thoroughly, minimising errors. Our careful approach helps you avoid HMRC penalties and ensures every required detail is disclosed properly.

Time Savings & Support: Forget wading through tedious forms. We handle the entire tax return process for you, from gathering information to submission. You’ll meet all deadlines without stress, and our friendly team is on hand to answer any questions in plain English.

Our team is up to date with rapidly changing tax legislation, qualified and experienced to deal with your business tax matters.
When combined with our corporate tax advisory services, we will ensure that you are not paying more tax than you should. For example, we ensure that capital allowances are claimed at the correct rate, investment income, foreign income and income from land and property is dealt with correctly.

Contact us today for bespoke corporation tax advice in Wimbledon, London, all across the UK and worldwide.