If you are a landlord looking for an accountant, Elite Financial Accounting can take care of your tax affairs with a proactive and extremely knowledgeable service!
Whether you are about to take the first plunge into becoming a landlord or already have a large portfolio in place, if you are producing income in the form of rental profit and capital growth then HMRC will consider you a property investor.
A property investment business must account for their rental profits under the specific rules applying to property income. The sale of properties are dealt with under capital gains tax:
- Tax rates of no more than 28% at most.
- Ability to claim Capital Gains Tax exemptions and reliefs.
- No National Insurance on renal income or capital gains.
At Elite Financial Accounting, our team of experienced property accountants are available to make starting up and managing a property investment business as effortless as possible.
Not only will we help you with your day to day financial management we will also compute and prepare your Accounts and Tax returns. We offer personalised account reporting and will deal directly with HMRC on your behalf, applying for any relevant tax reliefs to help minimise your taxes.
Tax planning is essential if you want to minimise your tax liability. Our team of experts will be on hand for any advice, whether this be what an allowable expense is or any legislations you need to be aware of. We will provide you with all the vital advice for expanding or handling your business as a landlord, by allowing you to have a tax efficient business so that you can get spend less money and time on your taxes.