Lucraft Hodgson & Dawes LLP

Lucraft Hodgson & Dawes LLP Accountants who support you to achieve your goals We are all about relationships. Good advice, simply given.

We are built on understanding and trust, with 65 years of experience and knowledge.

Alert: You might need to register for self-assessment even if you're mostly taxed through PAYE. Got business profits or ...
22/05/2026

Alert: You might need to register for self-assessment even if you're mostly taxed through PAYE. Got business profits or untaxed income? Find out why this matters now and what you need to do. Read on to check if this applies to you.

Depending on your income and circumstances, you may need to register for self-assessment. This may be the case even if most of your income is taxed through PAYE.

Alert: Your UK residence status could change how you're taxed on worldwide income. It's not just days spent in the UK bu...
21/05/2026

Alert: Your UK residence status could change how you're taxed on worldwide income. It's not just days spent in the UK but also your ties that matter. Find out why this could affect your wallet.

Your UK residence status affects how much tax you pay in the UK and, in particular, whether your foreign income and gains are subject to UK tax.

Living away from your home might affect your tax bill more than you think. If you've had absences or second properties, ...
20/05/2026

Living away from your home might affect your tax bill more than you think. If you've had absences or second properties, find out why it matters. Read on to see how your time away could change your Capital Gains Tax relief.

Many homeowners assume that if a property has been their main residence at some point, any gain made on sale will automatically be free from Capital Gains Tax (CGT). Whilst in many cases, this is correct there are exceptions. For example, periods spent living away from your home can sometimes reduce...

Alert: You can reduce your Inheritance Tax bill with clever gifting! Did you know you could pass on up to £6,000 tax-fre...
19/05/2026

Alert: You can reduce your Inheritance Tax bill with clever gifting! Did you know you could pass on up to £6,000 tax-free if you haven't used last year's allowance? Plus, there are special gifts for weddings and small cash gifts each year. Curious how this could help your family? Read on to find out why these allowances matter now.

Making gifts during your lifetime can be an effective way to reduce the value of your estate for Inheritance Tax (IHT) purposes.

Alert: Your termination package could hold hidden tax traps! Some payments dodge tax, others don't, and not everything q...
18/05/2026

Alert: Your termination package could hold hidden tax traps! Some payments dodge tax, others don't, and not everything qualifies for the £30,000 exemption. Read on to find out why this matters to you and what could affect your final payout.

The tax treatment of termination payments is governed by a detailed set of rules that determine how much is taxable and whether National Insurance contributions apply. The structure of a termination package can have a significant impact on the final tax position for both the employee and employer.

Alert for businesses leasing cars: Did you know you might only reclaim half the VAT on lease payments? Some situations d...
18/05/2026

Alert for businesses leasing cars: Did you know you might only reclaim half the VAT on lease payments? Some situations differ, so it pays to check the rules! Find out why this matters for your costs and avoid surprises on your VAT claims.

Businesses that lease cars often assume they can recover all of the VAT charged on car  leasing payments. In practice, the rules are more limited.

Alert for the self-employed: Class 4 National Insurance contributions now apply from £12,570 profits, with exemptions to...
15/05/2026

Alert for the self-employed: Class 4 National Insurance contributions now apply from £12,570 profits, with exemptions to keep in mind. Read on to find out if you should explore voluntary Class 2 payments and how this might affect your State Pension eligibility.

Most self-employed people are required to pay Class 4 National Insurance contributions (NICs).  Class 4 NICs are payable if their profits are £12,570 or more a year.

Alert for employers: Did you know certain employee perks and termination payments carry National Insurance charges? Miss...
14/05/2026

Alert for employers: Did you know certain employee perks and termination payments carry National Insurance charges? Missing deadlines could be costly. Find out why you need to be on top of this now.

National Insurance contributions that relate to employee benefits are known as Class 1A National Insurance contributions. Employers must pay these National Insurance contributions on most work-related benefits provided to employees, such as a company mobile phone or other non-cash perks.

Capital Gains Tax rates linked to your Income Tax band could reshape your tax bill. Curious how your gains fit into basi...
13/05/2026

Capital Gains Tax rates linked to your Income Tax band could reshape your tax bill. Curious how your gains fit into basic or higher rates? Find out why it matters now.

How capital gains are linked with Income Tax is important to understand as your overall income position affects the Capital Gains Tax (CGT) rate you pay.

Alert: Dividend tax rates have clear thresholds that could affect your income this year. Are you within the tax-free all...
12/05/2026

Alert: Dividend tax rates have clear thresholds that could affect your income this year. Are you within the tax-free allowance or might you need to file a return? Find out why this matters now.

Dividends are taxed differently from other types of income, with separate allowances and tax rates that depend on your overall level of income. You do not pay tax on dividends that fall within your Personal Allowance (2026-27: £12,570), and there is also a separate tax-free dividend allowance of £...

Address

2/4 Ash Lane
Rustington
BN163BZ

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+441903772244

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