Tax on Rented Property
Own property and want your accountant to offer up to date tax advice? Tax on
property letting and property developers alike is not as straight forward as some may imply. With HMRC actively seeking out property owners that have
failed to declare income from property, the need for good advice is more important than ever before.
Our specialist property team can help you grow or simply maintain your property portfolio. From residential buy-to-let landlords to commercial property owners and developers, we can help.
Our property team will help you decide on the legal entity your properties should be held in. We can walk you through the minefield of capital gains tax along with the exemptions, hold-over & rollover relief and taper relief.
We help many property owners that are based overseas.
We have close contacts with lenders (offering competitive rates), independent financial advisors (advise on areas such as S.I.P.P.S - self-invested personal pension schemes), specialist insurance companies e.g., offering competitive "buy to let" insurance policies and solicitors who can provide up to date legal advice regarding the property sector.
Choosing a legal business structure
- Sole trader
- Partnership
- Limited companies
- Limited liability partnerships
Capital gains tax
- Exemptions
- PPR
- Private letting exemption
- Hold-over/Rollover relief
- Capital Losses
- Taper relief
Inheritance tax planning
- Gifts with reservation legislation
- Pre-owned asset legislation
- Trust planning
- Tax efficient investments
Service Charge Accounts/Audits
We assist property management agencies and property owners to meet their service charge obligations and obtain certification.
Our services include:
- external service charge audit
- preparation of statutory accounts for management companies
- reviewing service charge accounts
- statement of rental income and head rent calculations
Construction Industry Scheme
- Corporation tax
- Tax treatments of investment and trading companies
- Loan relationships provisions
- Re-investing proceeds using rollover relief
- Group reliefs
VAT issues
- Residential property letting
- Commercial property letting
- Property sales
- Property management
- Property developers
- Partially exempt businesses
Overseas Landlords
- Full service for Landlords based overseas
Our fixed fee and free telephone support just adds to the reasons why Leftley Rowe should be the accountants you choose. Please feel free to look at our property case studies to see some of our successes.