HMRC have recently published a spotlight warning landlords to avoid schemes offering hybrid property arrangements that purport to save tax. HMRC’s view is that the scheme does not work and landlords who are tempted by the advertised advantages might find themselves...
On separation or divorce, it is common for one spouse to move out of the family home and for the other spouse to continue to live there. Where the couple have children, the spouse remaining in the family home may do so until the youngest child reaches the age of 18,...
Landlords navigating the labyrinth of tax obligations often find themselves in a maze of regulations, particularly concerning their rental income. In the United Kingdom, the HM Revenue and Customs (HMRC) vigilantly monitors and regulates rental income through various...
Local accountants and tax advisers, Trueman Brown, look at whether the directors of micro-companies should disincorporate their business. On 26 October 2023 one of the most significant pieces of company legislation came into being. The main thrust of the Economic...
Local accountants and tax advisers, Trueman Brown, are often asked about the best way of accounting for motor expenses. The Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free payments up...
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