A number of the team at Accounting Kiwi are let property landlords, so we have a personal interest in this area of tax, and hands-on experience. This is one of our specialist areas.
Tax law is changing fast where property matters are concerned. Whether it’s higher rate restrictions on let property mortgage interest, or changes to the claims for repairs, we have it covered.
Many people don’t realise that you must register for a tax return as soon as you begin receiving rental income. HMRC are improving their ability to detect property which is rented out or kept as a second home. They compare records held across many Government agencies, Council tax and voter registers, and review all property purchases and sales. It is therefore important to ensure that you declare your ownership and income from property.
Our Property Tax Service can help you with:
We can also help you understand the business and tax implications around various investment and pension strategies, but we are not an IFA so cannot recommend or advise. However, we do know a number of reputable IFA firms who can.
We can also point you towards excellent estate agents and lettings agents should you be unhappy with your current one.