High-Income Child Benefit Charge: Updated Rules & Planning Tips
High-Income Child Benefit Charge: What You Need to Know in 2024 and Beyond The high-income child benefit charge continues to affect thousands of UK families, especially those with uneven household earnings. With new thresholds introduced in April 2024 and a major...
Stamp Duty Land Tax Refunds: Updated 2025/26 Guide
Avoid the temptation to make speculative Stamp Duty Land Tax Refunds claims When you purchase property, it’s critical to tread carefully around the idea of claiming Stamp Duty Land Tax Refunds. While the opportunity may seem attractive, especially where higher...
Property Allowance Guide 2025/26 | Trueman Brown Accountants
Making use of the property allowance It is possible to enjoy tax-free income from property via the property allowance, even if you have already used up your personal allowance. The property allowance allows you to receive annual gross property income of up to £1,000...
Section 455 Tax Refund Guide for 2025/26 | Trueman Brown
Section 455 Tax Refund: Reclaiming the Charge on Director’s Loans In many personal or family-run companies, company directors borrow money from the company rather than taking out a commercial loan or paying themselves additional salary or dividends. While this may...
Private Principal Residence: UK CGT Relief Guide for 2025/26
Selling Your Home and Claiming Relief for a Private Principal Residence When you come to sell a property that has been your private principal residence, it’s essential to understand how the relief known as Private Residence Relief (PRR) operates, and what changes...
Making Tax Digital 2025/26 Guide | Trueman Brown
Preparing for making tax digital in the 2025/26 tax year The era of making tax digital is fast approaching. From April 2026, many sole traders, self-employed individuals and unincorporated landlords will need to adopt digital accounting and comply with the new...
Financing an Investment Property | 2025/26 Tax Rules Guide
Financing an Investment Property When you’re looking at financing an investment property, it’s essential to explore how you’ll fund the purchase and what tax reliefs may apply. Whether you’re borrowing personally, using limited company structures or a mix of both, the...
Incidental Expenses: UK Tax Relief Guide for Employers
Incidental Expenses: A Useful Tax Relief for Overnight Business Travel When employees stay away overnight on business, they often incur incidental expenses—small costs such as newspapers, laundry or phone calls. The relief for incidental expenses enables employers to...
Company Demerger: Tax-Efficient Business Separation Guide
Company Demerger: How to Split a Business Tax-Efficiently A company demerger can be a strategic move for businesses looking to separate distinct operations, streamline ownership, or prepare for sale. Whether driven by family succession planning, departmental...
HMRC Rules for Online Sellers 2024: What You Must Know
HMRC rules for online sellers 2024: When Do You Need to Tell HMRC? If you sell online—whether through eBay, Etsy, Vinted, Amazon, or your own website—you might be wondering when HMRC needs to know about it. With new reporting obligations for digital platforms starting...