The abatement of the personal allowance

Local accountants and tax advisers, Trueman Brown, advise local taxpayers earning more than £100,000 that they may preserve their entitlement to their personal allowance. Not all taxpayers are able to benefit from the personal allowance – once income exceeds £100,000...

Reducing the upheaval arising from an HMRC enquiry

Thurrock Accountants, Trueman Brown, like to keep their client’s up-to-date with the latest developments. Where a business receives an enquiry notification from HMRC, it does not always mean that something is wrong. Sometimes HMRC simply need some further...

Are Premium Bonds the ideal tax-free investment?

Basildon Accountants, Trueman Brown, like to keep their client’s up-to-date with the latest developments. Premium Bonds (PBs) are an investment product issued and maintained by National Savings and Investments (NS&I), which in turn, is backed by HM Treasury....

The CGT Annual Exemption – use it or lose it!

Dartford Accountants, Trueman Brown, like to keep their client’s up-to-date with the latest developments. Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling various types of assets...

What constitutes the occupation of a property as a residence

Grays Accountants, Trueman Brown, like to keep their client’s up-to-date with the latest developments. Capital gains tax private residence relief is available where a property is occupied as the taxpayer’s only or main residence. The question of what constitutes...