Property Investors
Strategic Property Tax Advisors
We specialise in providing tailor made accounting and tax services to individuals who own buy-to-let properties to property developers and construction companies.
Our Services
We’ve built our expertise as property accountants and property tax advisors, working for numerous clients across the property spectrum and can help you with the following:
-Building a property portfolio
-Ownership options and structure
-Holding a property portfolio as an individual vs limited company
-Tax reduction strategies for rental income
-Commercial lets vs Residential lets
-Mortgage interest relief for individuals
-Capital Gains rollover and holdover considerations
-Stamp Duty Land Tax planning (SDLT)
-Capital allowances
-Tax efficient mortgage structures
-Property VAT advice and planning
-Making the most of the Principal Private Residence election
-Tax issues on the sale of part of your residence
-Second homes
-Inheritance Tax angles
How much is it?
We try and keep the prices simple. The fees will be based on the number of properties in your portfolio and as to whether you’re operating as an individual entity or a business. Please contact us with your requirements and we’ll happily get back to you with a fixed quote.
Frequently asked questions
Which expenses can I claim relating to my rental properties? Interest on buy to let mortgages, council tax, ground rent, service charges, insurance, property repairs, legal/management/accounting fees, advertising for new tenants, home office costs and more.
Is my buy-let mortgage tax deductible? Yes, but only the interest element. The capital element is not, so you need to factor this into your investment decision. Furthermore, if you’re a high rate tax payer then due to the new Mortgage interest tax rules on residential properties, the tax deductible expense will be restricted to 20%. Note, this restriction does not apply to commercial properties or properties that belong to a company.
I am struggling to get the required mortgage, can you help me? Yes. We can discuss your requirements and introduce you to our contacts that are regulated to provide you with recommendations.
Will I need to pay the additional 3% stamp duty rate if I replace my main home? No. Please note, If you have not sold your old home before purchasing the new home, then you will have to initially pay the higher 3% rate. However, once your old home is sold, the additional 3% surcharge will be refunded back to you. You will need to make sure that you sell your old home within 36 months of purchasing your new house in order to get this refund.
Is my Stamp duty calculation correct? We cannot stress the importance of always double checking your solicitor’s calculation. Calculation mistakes and allowances being overlooked (i.e. the annex allowance) are fairly common. So always….always double check the calculation!
Is using a limited company better for tax? This will depend on a number of factors such as the number of properties you hold, whether you need the income quickly and how long you want to hold onto the properties for, and your individual circumstances. We can undertake a thorough appraisal for you and talk you through the pros and cons.