A number of our clients are landlords, from an initial buy-to-let property or second home/holiday rental, to a small portfolio of say 6 houses, to commercial property.
For example, some business owners have bought the building that their company operates from as part of their SIPP or SSAS Pension and we can advise others considering this.
Tax regulations relating to property acquisition and rental are changing regularly. We’re able to advise clients of the most effective way to buy, account for and declare the asset and the income from property. And for developers we’re able to advise and support the land acquisition, financing and financial planning and control of the building process leading to rental or sale.
Over the years we’ve helped landlords and developers to:
preparation of Trading Accounts for a Property Developer buying and selling property
assist with Voluntary Disclosure of Income and Gains to HMRC
structure the property business efficiently
preparation of Rental Accounts for landlords letting out one or more properties
reducing property maintenance costs through careful projections and forecasts
prepare and submit personal and business tax returns with a property element (UK and overseas)
raise funding and finance for property acquisition or development
complying with tightening property and tax rules ie. Income Tax and CGT
prepare management accounts and financial plans
liaise with solicitors and other accountants and advisors
support them when reviewing rents to identify opportunities to increase rental income
advise on Section 24 charge
advice on Gifting a property and transfer of wealth to a family member
If you, or someone you know, would like discuss property related finance and taxation please get in touch.
