Nichols & Co

Received income from a trust or estate this year? You may be owed a tax refund—but only if you use Form R185 correctly.
Many people miss out by reporting the wrong figures or failing to claim back overpaid tax.

Find out more 👉 https://nichols.co.uk/news/form-r185/ #:~:text=Form%20R185%20is%20an%20official,income%20distributed%20by%20a%20trust

Selling a property, business asset or shares this year? You could be facing a chargeable gain—and a tax bill—without realising it. Many people overpay or miss key reliefs simply because they don’t know what qualifies or how to plan ahead.

Find out how chargeable gains work in 2025, what’s changed, and the steps you can take to stay on the right side of HMRC.
👉 https://nichols.co.uk/news/chargeable-gains-2025/

Many businesses unknowingly leave significant tax savings on the table when buying or refurbishing commercial property. Did you know even existing fixtures—like heating systems or lighting—can qualify for relief, not just new fittings?

Find out how capital allowances could benefit your business 👉 https://nichols.co.uk/news/capital-allowances-on-commercial-property/

Did you know your company can give small gifts—like birthday treats or vouchers—without triggering extra tax or paperwork? Many business owners miss out on using trivial benefits simply because they’re not aware of the rules.

Understanding HMRC’s conditions (like the £50 limit per benefit) could save you money and boost morale at the same time.

Find out more 👉 https://nichols.co.uk/news/trivial-benefits/