Investment Property Advice and Rental Accounts
Experts in Accounting and Tax for rental property including buy to let
We offer the following services, tailored to meet your needs:
Rent a room scheme
Tax on sale
Read some of our blogs below which are specifically for owners of rental properties.
HMRC – Airbnb Data Warning!
By way of a brief background, Airbnb hosting has become extremely popular in recent years, with an increasing number of landlords using Airbnb as an easy platform to let their property, whether it’s their main home, or a buy to let property.
Having seen a surge in popularity, renting a property on Airbnb has been seen as a lucrative way to potentially enhance...
Changes to property reliefs from 6th April 2020
Firstly, if you rent out a property following a period of occupation you can currently claim lettings relief, when working out your capital gains tax liability, and the reduction could be up to £40,000. However from 6th April 2020 this relief will be restricted to periods where the owner was in shared occupancy with the tenant. It is estimated that this...
Rental Property Dilemma
Individuals that lived in a flat and then met up with the love of their life and together purchased a bigger marital home sometimes chose to retain the old flat as an investment property to generate a small income and hopefully grow in capital value.
HMRC and the government have launched an attack on the principle private residence relief that has always been available to taxpayers to mitigate the taxable gain on properties that they have lived in previously as their main residence.
How to find a good property accountant?
If you are involved in buying property to let – accountants can assist you with tax-related work and make sure you pay the least amount of tax possible on buy-to-let or holiday homes. A good accountant will also help you consider your overall approach to wealth management, estate and income planning, to maximise your overall position from owning property and other assets.
So you do need a good accountant – some questions to ask in finding one: