Furnished holiday lettings – Rollover relief

Local accountants and tax advisers, Trueman Brown, advise property owners that a big plus of furnished holiday lettings rules is the availability of business asset rollover relief on the sale of the property. Furnished holiday lettings have a number of tax advantages...

Making use of a spouse’s allowable losses

Local accountants and tax advisers, Trueman Brown, advise married couples about a special rule to transfer capital gains tax losses from one spouse to the other. Spouses and civil partners benefit from special rules for capital gains tax purposes which allow them to...

Private bills being paid for by a company

Local accountants and tax advisers, Trueman Brown, warn employers helping out employees, working from home, with their bills should be aware of the tax and NIC implications. Working from home during the Coronavirus pandemic created a range of tax issues, not least...

Making Tax Digital Update 2021

Local accountants and tax advisers, Trueman Brown, have some advice for businesses to get ready for MTD. Making Tax Digital (MTD) is a government programme to move to a digital tax world. HMRC’s stated ambition is to become one of the most digitally advanced tax...