Property Tax Advisers
Providing Solutions to your Property Tax Issues Since 2010
What our clients said about us:
Anyone owning a property will, at some point, be liable to tax on that property:
“I am a full time landlord with 14 properties in my portfolio, many of which are student lets on a HMO basis.
I commenced using the services of Kevin 5 years ago when I became disillusioned with the national firm of accountants I was with. Not only did they take forever to answer, what I thought were relatively straight forward queries, they charged a fortune for doing so and, on a number of occasions, the advice they gave was just plain wrong.
What I really appreciate is the personal service I get from Kevin. He is always available and approachable. Since I appointed Kevin, I have been nothing but impressed with his service and have found him extremely efficient. Paul”
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Stamp Duty Land Tax (SDLT) on the purchase.
If it is rented out, Income Tax (IT) may be payable on any profit made.
On sale, if it has increased in value, Capital Gains Tax (CGT) may be due if it has not been used exclusively as your sole home throughout the period of ownership.
On death, Inheritance Tax (IHT) may be charged.
And, of course, HM Revenue & Customs (HMRC) will need to be kept fully informed of what you are doing with your property so that they can ensure that you do, indeed, pay any of the above taxes by the relevant due date.
The aim of these factsheets is to enable you to understand what taxes are due in particular circumstances and what & when you need to report to HMRC.
There are a multitude of tax reliefs and exemptions available against the various taxes that may reduce or at least postpone the actual amount of tax payable. These fact sheets provide tax planning tips and also point out the many pitfalls for the inexperienced and unwary.
It must be stressed that the fact sheets do not constitute professional advice. They are for general guidance only. Please refer to the disclaimer below.
Take a look at the index above. Any of these fact sheets are available free of charge to existing clients.
If you are not a client but would like to view a particular sheet, please call, email me or fill in the contact form to let me have details of your specific circumstances. There is a charge of £10 per sheet. A telephone appointment can also be arranged if you wish to discuss your own particular situation. The cost is £40 for up to 30 minutes duration.
The fact sheets included in the index are constantly being updated so if you don’t see one that is akin to your circumstances, keep bobbing back to the site to check out the resources and blog. Feel free to contact me to suggest a new topic. You never know, for just a tenner, your tax query may be fully answered.
If you have a property tax issue and would like to discuss your situation with me please call, email me or fill in the contact form.
Have a read through the free fact sheets (updated in May 2016):
Rental expenses guide
Capital v Revenue
Self-Assessment & Tax Enquiries for landlords
What Expenses can a Landlord Claim?
Capital versus Revenue for Landlords
Self-Assessment & Tax Enquiries for Landlords
Getting in touch is easy for your property tax advice and UK property tax planning:
• Email: email@example.com
• Email: firstname.lastname@example.org
• Tel: 01274 214979
• Mob. 07939 222437