Can charitable donations save Inheritance Tax?
Local accountants and tax advisers, Trueman Brown, advise taxpayers about whether they should consider including a charitable donation in their will to save inheritance tax? One way to reduce the amount that the taxman takes from an estate in inheritance tax is to...
Stamp Duty On Mixed Use Properties
Local accountants and tax advisers, Trueman Brown, advise property of the stamp duty land tax (SDLT) rates on mixed use properties. Stamp duty land tax (SDLT) is payable on the purchase of land and buildings in England and Northern Ireland over a certain value. SDLT...
Deferral of State Pension: 2025/26 UK Guide | Trueman Brown
Understanding the Deferral of State Pension in 2025/26 The deferral of state pension remains an effective way to increase your retirement income if you don’t need to claim immediately. With 2025/26 updates now in effect, understanding the benefits, rules, and tax...
Deed of Variation: Can You Change a Will After Death?
Can you change a will after death — using a deed of variation At Trueman Brown we often advise that while you cannot rewrite a person’s Will once they’ve died, you can change who actually benefits — by using a deed of variation. A deed of variation gives beneficiaries...
Winding down Personal Service Companies
Local accountants and tax advisers, Trueman Brown, say that IR35 may lead to the winding down of personal service companies. How should profits be extracted? Come April, many workers who have been providing their services through an intermediary, such as a personal...
Employers subject to reporting changes for low emission cars
Local accountants and tax advisers, Trueman Brown, advise local employers about the new lower charges for low emissions cars. From 6 April 2020, new appropriate percentage bands – and new lower charges for low emissions cars – will apply for company car tax purposes....
Annual Investment Allowance vs Writing Down Allowance Guide
Annual investment allowance or writing down allowance — what your business should know If you’re investing in plant or machinery, understanding how the annual investment allowance works could save your business a significant amount in tax. In this post we explain how...
Trading Losses Relief Guide for 2025/26 | Trueman Brown
Understanding Relief for trading losses Experiencing trading losses can be stressful, but it’s important to understand how you may be able to claim tax relief and turn a loss-making year into a strategic opportunity. As of the 2025/26 tax year, there have been a...
2025/26 Advisory Fuel Rates Guide for Employers and Company Cars
What are the approved and advisory fuel rates for 2025/26? If your business reimburses employees for fuel, or if employees need to repay fuel costs on a company car, it’s important to understand the current advisory fuel rates set by HMRC. Many businesses and...
Changes to Private Principal Residence rules coming
No capital gains tax liability arises if a gain occurs on the sale of a property which has been the owner’s only or main residence throughout the period of ownership then the gain is fully sheltered by private residence relief. However, there are advantages to be had...