Private principal residence relief change to final period!
Local accountants and tax advisers, Trueman Brown, advise buy-to-let property owners of the changes to the final period exemption contained with the private principal residence relief rules. From a capital gains tax perspective, there are significant tax savings to be...
Taxpayers, check your tax calculation is correct
Local accountants and tax advisers, Trueman Brown, advise taxpayers that each year HMRC make a PAYE reconciliation for employed individuals. Each year HMRC undertake a PAYE reconciliation for employed individuals who are not required to submit a tax return to check...
Tax Credits – informing HMRC of change in circumstances
Basildon Accountants look at the Tax Credits System and, in particular, what taxpayers should do if there is a change in their circumstances.
VAT Refunds DIY Builders UK: Claim Guide & HMRC Rules
VAT Refunds DIY Builders UK: What You Can Claim and How If you’re building or converting a property in the UK, you may be eligible for VAT refunds DIY builders UK—a valuable but often overlooked opportunity. HMRC allows DIY builders to reclaim VAT on qualifying...
How to Extract Money from a Loss-Making Company | Trueman Brown
How to Extract Money from a Loss-Making Company – Directors’ Salary or Bonus? When you’re looking at how to extract money from a loss-making company, the decision between paying yourself a salary, a bonus, or some other form of distribution becomes especially...
The abatement of the personal allowance
Local accountants and tax advisers, Trueman Brown, advise local taxpayers earning more than £100,000 that they may preserve their entitlement to their personal allowance. Not all taxpayers are able to benefit from the personal allowance – once income exceeds £100,000...
Reducing the upheaval arising from an HMRC enquiry
Thurrock Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Where a business receives an enquiry notification from HMRC, it does not always mean that something is wrong. Sometimes HMRC simply need some further information...
Are Premium Bonds the ideal tax-free investment?
Basildon Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Premium Bonds (PBs) are an investment product issued and maintained by National Savings and Investments (NS&I), which in turn, is backed by HM Treasury. With...
The CGT Annual Exemption – use it or lose it!
Dartford Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling various types of assets...
What constitutes the occupation of a property as a residence
Grays Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Capital gains tax private residence relief is available where a property is occupied as the taxpayer’s only or main residence. The question of what constitutes...