What counts as a garden for private residence relief?

Your local accountants and tax advisers, Trueman Brown, advise property owners as to what qualifies as a garden under the rules for private principle resident relief. Private residence relief prevents a tax charge from arising if there is a capital gain when a person...

The tax implications of transferring assets between spouses

Local accountants and tax advisers, Trueman Brown, advise local couples that they can transfer assets between them at a value that gives rise to neither a gain nor a loss. What will be the implications of making the transfer. Although spouses and civil partners are...

Companies – claim extended loss relief online

Local accountants and tax advisers, Trueman Brown, warn local business owners because of the pandemic, the carry-back window for loss relief was extended. Where companies want to claim under the extended rules, it can be done online ahead of the tax return filing...

Sole traders, should you change your accounting date?

Local accountants and tax advisers, Trueman Brown, warn local self-employed traders that with the introduction of MTD for income tax just around the corner, now might be a good time to consider changing your accounting date. In preparation of the introduction of MTD...

A full and extensive guide to company car tax

Local accountants and tax advisers, Trueman Brown, provide a guide to local businesses concerning company cars. The system for taxing those who use company cars has remained fundamentally unchanged for some years, save for stepped changes in the emissions thresholds....