Property ownership made easy
We offer a comprehensive service for property owners and investors. Available at varying levels of support, our services include one-off or ongoing accounts, tax return preparation and tax advice. Whether you own one property or one hundred, we believe it is important that you understand the processes involved to ensure you are complying to all HMRC requirements.
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Your questions answered
Can I get any tax relief on a used commercial property?
You might be able to claim capital allowances on what is known as the “integral features” of the property. Generally, these are the hot and cold water systems and main wiring within the property. Other items are rarely seen in practice. This is a complex area and advice must be tailored to your situation.
If I buy a second home, is there anything I should do now with regard to future Capital Gains Tax plaget any rnning?
You have 2 years from the date of acquisition of a second home to nominate it is your principle private residence (PPR). Currently the last 9 months of your ownership of a property which you have lived in as your “PPR” are exempt from Capital Gains Tax. Lettings relief is all but gone now, with only periods where you co-…read more
Do I need to do anything if I sell a residential property?
If you sell a residential property that isn’t your main home on or after 27 October 2021, you’ll need to report the sale to HMRC, and pay the tax owed within 60 days of the completion of the sale to avoid any penalties.
Should I put my investment property in a limited company?
If you are happy to leave the rental income generated in the company then you might consider this. Otherwise, it doesn’t make sense because rental profits will first be subject to Corporation Tax at 19% then the income must be extracted via salary and/or dividends, which are subject to further tax. Generally a specialist p…read more
Keep your portfolio in check
Using a tax specialist accountant to help you manage your property portfolio can save you hours of stress and time. Get in touch to find out how we can help you with your rental properties.