Property rental and development has been a popular method of investing personal funds over the past decade with Buy to Let properties being seen as a great way of generating healthy returns, whilst also enjoying capital growth.
The Accounting landscape has changed significantly for property rentals over the past decade, with consideration needing to be paid for a number of factors, from the increased Stamp Duty Land Tax on the purchases of second homes through to restriction of interest relief for higher rate taxpayers. There have also been relatively new reliefs added such as the Replacement Domestic Item Relief for furnished lettings to keep tax liabilities to a minimum.
We can advise on the following:
Property rental Accounts
Maximising reliefs available for property rental
Preparation and submission of property tax returns
Preparation of capital gains tax computation with consideration of reliefs such as principle private residence relief, letting relief and so on
Assistance with stamp duty land tax returns
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We offer a free, no obligation consultation to understand your needs and discuss ways in which we can help you.
Get in touch:
Call: 01267 240 184