Accountants for SPV in London
As a leading SPV accountants, we know that special purpose vehicles – SPVs are a valuable part of running businesses. SPVs are usually smaller than the main business and used for specific projects. Therefore, these SPVs have different accounting needs. As Dedicated accountants for SPV in London, we offer numerous accounting services including:
- Filing Company Tax Returns
- Accurate Bookkeeping
- Tax Planning and advice
- VAT Registration and Returns
- Confirmation Statement
- Expert accounting consultancy
What is an SPV company?
SPV is an abbreviation of a Special-purpose Vehicle (SPV), Such companies are set up for special purposes such as buying a property, Starting a specific venture, or setting up an investment company for a special purpose.
Due to section 24 interest restriction on property loans, the majority of the people in the UK are setting an SPV to buy the properties as interest as an allowable expense under the limited company.
If you’re planning to set up an SPV, or already have an SPV and would like us to manage the company for you, our accountants for SPV’s can help you.
While choosing an SPV accountant, Kindly ensure you are working with a qualified accountant in London, as there are different disclosure requirements under FRS 102 and FRS 105.
Setup an SPV in No time
Our accountants for SPVs are specialised in delivering comprehensive accounting solutions. With our comprehensive understanding of SPV’s financial details, we offer tailored services including accurate bookkeeping, precise payroll services, and rigorous compliance management. Whether you’re establishing a new SPV or seeking to optimise an existing one, our dedicated team of SPVs accountants ensures accuracy and transparency at every stage.
At Accotax, we prioritise navigating the complexities of SPV accounting regulations, enabling you to focus confidently on strategic growth and investment opportunities. Our commitment to industry-specific expertise guarantees that your SPV operates seamlessly within regulatory frameworks, safeguarding your financial health and regulatory compliance. Partner with Accotax for reliable, specialised accountants for SPVs that empower your business to thrive in the dynamic financial landscape.
Tax Benefits
There are several tax benefits available, e.g
- If you are a high rate taxpayer ( the company on the rental income will only pay 19% corporation tax).
- If you take dividends of up to £500 (2024-25) a year, there will be no extra personal tax to pay. – You will be able to reinvest any retained profits without paying any Personal tax as long as you buy any future property under the same company.
- You will be able to expense the finance cost which includes the SPV mortgage interest under SPV.
Professional Accountants
As experienced SPV accountants, we closely work with many landlords and have helped them to set up SPV. If you are looking to buy the properties under a limited company, we can assess your personal circumstances/tax position and can guide you in the right direction. our compliance-only prices for SPV start from only £45 plus vat /month. Please visit our pricing page to find out more from accountants from SPV’s in London.
