We help our landlord client base:
Prepare their annual self-assessment tax returns..
Provide tax advice when needed e.g. how it is owned, what costs can be claimed and how to minimise future tax liabilities.
Calculate any gains on selling a property and completing the 60-day capital gains tax report to HMRC.
Putting them in touch with related experts to help e.g. mortgage brokers, letting agents and tradespeople.
Are you claiming all the expenses and allowances available?
People often prefer to get an accountant to prepare their tax return to record their rental property income, as it gives them peace of mind that it has been completed by a qualified and experienced tax advisor.
We have years of experience in this sector, helping clients to save tax by ensuring that they claim all the relevant costs and allowances available on their tax returns each year.
Some common questions we help landlords answer include:
Can I claim the cost of a new wardrobe and bed?
What happens if I have a rental loss, can it be offset against my salary?
Can I claim for the mortgage repayments that I make?
I have just replaced the windows; will I get tax relief now or when I sell the house?
What’s this rule about restriction of tax relief on mortgage interest and will it affect me?
How will I get tax relief if I add a conservatory to my rental property?
Can I buy a rental property through a company?
How should the property be owned?
We can advise on the tax implications of buying rental properties personally, jointly (joint tenants or tenancy-in-common) or through a limited company structure.
Further help & support
We are part of a weekly business networking group, with members in the following sectors that help our landlord clients:
Mortgage Broker
Specialising in Buy-To-Let, Help-To-Buy, Re-mortgages, development and bridging financing.
Letting Agent
Specialising in student lets and HMOs, as well as portfolio management, taking away the hassle and stress from owning the rental property.
Will Writer & Estate Planner
Helping to ensure that your loved ones are properly looked after and protected, through getting a valid Will and relevant Lasting Powers of Attorney, or even Trusts in place.
Financial Advisor
Helps clients to look after their hard earnt money and invest it wisely and ensure they have adequate pension provision for the future.
Tradespeople
ranging from electricians, carpenters, heating and plumbing experts, EPC and energy consultants, house builder (or extension and conversions), plastering and rendering, carpets and flooring specialist, property maintenance, soundproofing, house removal and storage experts, and even a pest control specialist.
If you need help in ANY of the above, let us know and we will put you in touch with the relevant expert.