Advice as you build your portfolio
With a shifting market and ever-changing regulation, the property world can be difficult to keep up with. Whether you’re a homeowner, landlord, investor or developer, there are various tax problems you might have to contend with.
As specialists in property sector accounting and tax, we can help you manage these challenges, while identifying and making the most of the tax planning opportunities available to you.
We’ll take care of your accounting obligations, preparing your property accounts and self-assessment tax return on your behalf, and maximising your deductions for both income tax and capital gains tax (CGT).
We can also advise on:
- Choosing the most tax-efficient structure of ownership for your property, including deciding whether incorporation is right for you
- Evaluating property investment decisions, including buy-to-let, development projects, furnished holiday lets, and student homes
- Assessing the tax implications of a potential property sale, including stamp duty land tax (SDLT) and CGT, for residential and non-residential property
- Mitigating CGT and inheritance tax (IHT) on property
- Advising on tax-saving options including capital allowances and loss relief for property
- Explaining the tax issues if you’re thinking of moving overseas, and advising on residence and domicile for international clients. We can also help you register and comply with the requirements for non-resident landlords
- Advising on tax implications for furnished holiday lets, including the “qualifying conditions” that determine whether property qualifies for this status
- Keeping you compliant with Making Tax Digital rules.
Frequently asked questions
How are rental properties taxed?
The tax on your property income will depend on the type of rental property you own and how you own it – for example, different rules apply to buy-to-let and furnished holiday lets. We can advise you on the pros and cons of each.
What if i own multiple properties?
Owning multiple properties can be a large task to manage, especially when you have expenses and income tax to keep track of. We’ll advise you on the finances.
Should I set up as a company?
Recently, tax changes have led more people to incorporate as a landlord, but there are advantages and disadvantages to each structure. We can discuss your goals and work out the best setup for you.
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