Potential pitfall if selling your main residence with land

Local accountants and tax advisers, Trueman Brown, advise homeowners thinking of buying or selling a house with large gardens or lands, that the SDLT return may become a trap! ​Most people do not expect to pay capital gains tax when they sell their only or main home,...

Student Loans: Changes From April 2021

Local accountants and tax advisers, Trueman Brown, advise employers and graduates of changes to the student loan regime. Repayment of student loans is a shared responsibility between the Student Loans Company (SLC) and HMRC. Employers have an obligation to deduct...

Utilising unused residential finance costs

Local accountants and tax advisers, Trueman Brown, warn landlords to make use of any unused residential property finance costs. Since 2017/18, the amount of income tax relief that landlords with residential properties have been able to claim on residential...

‘Time To Pay’ arrangement to settle unpaid tax liabilities

Local accountants and tax advisers, Trueman Brown, recommend to local taxpayers to seek a ‘Time to Pay’ Arrangement if you are unable to pay your tax liabilities. As part of the Chancellor’s Coronavirus support package taxpayers were permitted to...

Increased SDLT threshold deadline approaching

Local accountants and tax advisers, Trueman Brown, have some advice for property owners regarding the temporary increase in the residential stamp duty land tax (SDLT) during the pandemic. In July last year, the Government announced a temporary increase in the...