Can your holiday let still count as a FHL?

Local accountants and tax advisers, Trueman Brown, look at the tax effects of new tiered restrictions in England mean that accommodation having to close within Tier 3? Hard on the heels of a series of local lockdowns, England entered into a second national lockdown...

Renovating the holiday let during lockdown

Local accountants and tax advisers, Trueman Brown, advise landlords whether they can deduct renovation work on furnished holiday lets from their profits or not. The Covid-19 pandemic has hit the hospitality and leisure industry hard. Landlords with furnished holiday...

Gift aid – Beware if your income falls

Local accountants and tax advisers, Trueman Brown, warn taxpayers donating to charities, using Gift Aid, of the tax implications of their income below their personal allowance. Where a Gift Aid declaration is made, the recipient charity or community amateur sports...

Local Accountants Blog – Tenant in common v joint tenants

Local accountants and tax advisers, Trueman Brown, look at the tax implication of buying a property jointly as either Joint tenants or tenants in common. Under English law, there are two ways in which property can be owned jointly – as tenants in common or as joint...

Local Accountants Blog – Family Investment Company

Local accountants and tax advisers, Trueman Brown, are advising local businesses to look at Family Investment Companies which may offer a tax efficient way to retain control over assets and pass them on to the next generation. Family Investment Companies (FIC) offer a...