If you are someone who owns a property in the UK and has rented out that property, then you are liable to file a self-assessment tax return. Traditionally, landlords face multiple tax and accountancy issues, which nowadays have become more complex than ever.
We go beyond just Tax Returns
Accountants for landlords at Accotax offer more than just tax returns. We will personally take you through all the special tax reliefs available only to landlords. As a landlord, you can reap financial rewards with a running business from the comfort of your home. We at Accotax can guide you on how to purchase properties with your financial gains keeping tax-efficiency in mind. Our Landlord Accountants can also advise you on accounting records that you need to keep a hold on and guide you on how to invest your rental gains.
As a landlord, with the money you earn, you can easily offset mortgage repayments. One thing to keep in mind that you need to adhere to specific rules and regulations just like any business.
If you are someone who has a portfolio of properties or just starting in the business, we at Accotax can help you reduce your taxes as a landlord and advise you on how to benefit from your rental income.
Providing you Tax Relief on Renting a Room
You need to be vigilant to enjoy tax relief on renting a room. If you keep up with the Landlord rules and regulations that keep on changing each year, then this vigilance can pay off big time. Our specialized team of Landlord accountants keeps you updated on this front and help you navigate through these changes that can affect you as a Landlord.
Helping you with your Commercial Property
A specialist landlord accountant can show you how to charge rent if you own a limited company and decide to buy commercial property. This can be done by showing yourself as the landlord to your company, or you can rent out space to other offices and charge rent.
Eradicating confusion on Property Tax
How you pay property tax solely depends on how you acquire the said property. Property tax is believed to be the most taxing of all taxes, and our landlord accountants guide yours through everything you need to know whether you buy it is a sole owner, through or as a limited company, or get it done via a partnership.
We at Accotax, along with our specialist Accountants for Landlords can explain everything clearly and in detail when you join us, and we will be happy to answer all your questions and make sure you get a quick turnaround time on your queries.