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Property Companies

As an investor in property, you may own properties personally, via partnership, limited company or LLP.

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What is property accounting?

As an investor in property, you may own properties personally, via partnership, limited company or LLP.

There are many property tax matters that affect landlords running a property business in the United Kingdom, as properties can be taxed in many different ways.

Five types of property taxes

01

Stamp Duty Land Tax (SDLT)

02

Value Added Tax (VAT)

03

 Income/corporation tax

04

Capital Gains Tax (CGT)

05

Inheritance Tax (IHT)
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How can we help?

Whether you are renovating or building properties for rental or sale, or just holding them for investment purposes, Xenith can advise you on the accounting records that you need to keep and help you grow your wealth through property whilst being tax-efficient.

Packages and features

What is included?

Free Initial Consultation

Full set of accounts (Annual Financial Statements)

Preparation & filing of Tax Return

Payroll - Up to 1 employees

Personal Tax Returns - Up to 2 Directors

Automated Filing Reminders

Quarterly Bookkeeping

Tax Planning

Free Email & phone support

Quarterly Management Accounts

Accounting System Setup/Review

Quarterly Business Health Meetings

What is included?

Free Initial Consultation

Full set of accounts (Annual Financial Statements)

Preparation & filing of Tax Return

Payroll - Up to 3 employees

Personal Tax Returns - Unlimited

Automated Filing Reminders

Monthly Bookkeeping

Tax Planning

Free Email & phone support

Monthly Management Accounts

Accounting System Setup/Review

Apps integration

Part-time Finance Director -1 hour/month

Quarterly Business Health Meetings

Company Secretarial

Packages and features

Check out our packages and features for Property Companies. To get an instant quote for the packages click the button below:

What’s included?

Peak

Summit

Free Initital Consultation

Full set of accounts (Annual Financial Statements)

Preparation & filing of Company Tax Return

Payroll

Up to 1 Employees

Up to 3 Employees

Personal Tax Returns - Directors

Up to 2 directors

Unlimited

Automated Filing Reminders

Monthly Bookkeeping

Quarterly Bookkeeping

Tax Planning

Free Email & phone support

Quarterly Management Accounts

Monthly Management Accounts

Accounting System Setup/Review

Apps integration

Part-time Finance Director -1 hour/month

Quarterly Business Health Meetings

Company Secretarial

see more

About our pricing

Personalised accounts

Your dedicated accountant will produce personalized management accounts on a monthly or quarterly basis. The management accounts provide an overview of your expected tax obligations at year-end.

Fixed fees

Monthly fixed retainer based solutions. Xero Online and Dext subscription fees (where applicable) are covered in the fixed monthly fees.

Tax efficiency reviews

Your dedicated bookkeeper will conduct regular tax efficiency reviews, ensuring you’re claiming everything you could be and operating in the most efficient way possible.

FAQs

If you let out a property you do not live in or inhertited, do you have to notify HMRC?

Yes, you will need to include the property income pages in your self-assessment tax return if you already file one.
It is possible that if HMRC is unaware of your income (apart from tax-exempt savings and ISA’s), not declaring that income could be considered evasion, if it is later discovered.

Do I have to pay stamp duty?

it is likely that you will have to pay stamp duty on the purchase. The exact amount that you will need to pay is determined by the value of the purchase and whether you already own a home. The Government has issued a useful stamp duty calculator that you can use to determine the amount payable

Do I still have to pay capital gains tax when selling a property from a limited company?

Whilst it's not technically called capital gains tax, you have to pay tax on the gain when you sell a property from a limited company. When you sell a property through a limited company you pay corporation tax on the gain. You're not entitled to use your capital gains tax-free allowance here, however for higher rate tax payers the overall rate of tax can be lower via a limited company.

Do you have to register for VAT if you rent out your properties?

It could be possible, depending on the number of properties and their amounts, that VAT may apply.

Can I AirBnB in London?

Greater London has a planning restriction that affects short-term rentals. In most cases, it’s considered a “change of use” to use your residential premises as temporary sleeping accommodation.
The Deregulation Act of 2015 introduced an exception that allows you to use residential premises for short-term rental for 90 or fewer nights in a calendar year. This is known as the “90 night rule”.