Local accountants and tax advisers, Trueman Brown, advise employees they should claim for expenses while working at home on behalf of their employer. As the 2020/21 tax year draws to a close, many employees will have spent much if not all of the last year working from...
Normal Gifts Out of Income: A Smart Inheritance Tax-Free Strategy in 2025/26 Normal gifts out of income can be a valuable but often overlooked Inheritance Tax (IHT) planning tool for many UK taxpayers. Unlike other gifting allowances, gifts made from your regular...
Local accountants and tax advisers, Trueman Brown, advise taxpayers on a regime change in reporting and to the paying any CGT due on sale of an investment property. Unlike a gain on the sale of a main residence, which qualifies for private residence relief (as long as...
Local accountants and tax advisers, Trueman Brown, like to keep their client’s up-to-date with their latest developments. Prior to 6 April 2021, workers who provide their services to a private sector organisation through an intermediary, such as a personal...
Are pay-outs from business interruption insurance taxable? If your business has taken out business interruption insurance, it’s important to understand the tax implications if you receive a pay-out. Business interruption insurance is designed to cover losses — such...
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