Property Rental Allowable Expenses 2025/26 | Landlord Tax Guide | Trueman Brown Accountants
Understanding Property Rental Allowable Expenses for 2025/26 When managing a rental property, understanding property rental allowable expenses can make a significant difference in your taxable income. Knowing what you can claim ensures you stay compliant with HMRC...
Local Accountants Blog – Claim expenses for additional costs of working from home
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 Rules Explained for 2025/26
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...
Reporting the gain and paying the tax on sale of investment property
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...
IR35 and off-payroll working – What to do from 6 April 2021
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 service...
Are Business Interruption Insurance Pay-Outs Taxable?
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...
Potential pitfall if selling your main residence with land
Local accountants and tax advisers, Trueman Brown, advise homeowners thinking of buying or selling a house with large gardens or lands, that the SDLT return may become a trap! Most people do not expect to pay capital gains tax when they sell their only or main home,...
Unused Residential Finance Costs Explained for 2025/26
Making Sense of Unused Residential Finance Costs for Landlords in 2025/26 If you’re a landlord, understanding how unused residential finance costs work is essential for minimising your tax bill and making the most of the relief available under current UK tax rules. In...
‘Time To Pay’ arrangement to settle unpaid tax liabilities
Local accountants and tax advisers, Trueman Brown, recommend to local taxpayers to seek a 'Time to Pay' Arrangement if you are unable to pay your tax liabilities. As part of the Chancellor's Coronavirus support package taxpayers were permitted to defer payment of the...
Fundamental review of business rates
Local accountants and tax advisers, Trueman Brown, warn businesses that there is going to be a fundamental review of business rates. The government is currently undertaking a fundamental review of the current business rates system, including ideas for possible change...