01603 616300

Or contact your local office

Case Study: Tracey Renshaw

July 2019

Services used: Capital Gains Tax, Self-assessment Tax Returns, Research & Development Tax Credits and Company Formation.

Case Study: Tracey Renshaw

Tracey Renshaw is a personal tax client who first approached us when she was looking to sell one of her properties and wanted to understand the capital gains tax implications.

As a client of our Dereham office, Tracey was advised by Client Manager Stephen Sparrow. Stephen took the time to understand Tracey’s situation before providing sound professional advice that would result in a huge tax saving.

Stephen identified that because Tracey had lived in the property before letting it out as a rental property, she was eligible for both Private Residence Relief and Lettings Relief which saved Tracey a whopping £18,000.

Not only this, Stephen picked up on some rather poor advice from Tracey’s previous accountant who advised that she needed to sell the property within a tax year when she had other gains, which would have resulted in an even higher tax bill!

Without our help, Tracey would have faced a tax bill of £18,000 which we were able to reduce to zero. This was made possible because Stephen took the time to fully understand Tracey’s circumstances. This information combined with Stephen’s in-depth knowledge of tax and the allowances available is what ultimately left Tracey with a smile on her face.

We continue to work with Tracey and her business where we recently helped her to set up a limited company, form a pension scheme and submit a Research & Development claim that reduced Tracey’s first year’s corporation tax down to zero.

We are always on-hand to advise on any future needs Tracey may have.

Get in touch to find out how we may be able to help you in a similar way.

Leave a Reply

Your email address will not be published. Required fields are marked *

If you're interested in this, you may also be interested in these...


Sign up for our news and business insight newsletter

No spam. No waffle. Just useful, practical and valuable news and insight, straight to your inbox. We always protect your personal data.

Aston Shaw Twitter Logo

Are you prepared for #IR35? Come and join us, @SpireLLP and @AngliaHub for a free event where we tell you everything you need to know. Book now! Norwich ➡️…

About 2 days ago from Aston Shaw's Twitter via Twitter Web App

Client Login

Secure Document Exchange Login

To request access to use the Client Login feature, please email:



You have Successfully Subscribed!

Secure Document Exchange Login

Please email or call your Client Manager directly to be set up with access or if you have lost your login credentials.


You have Successfully Subscribed!