As an investor in property, you may own properties personally, via partnership, limited company or LLP.
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.
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.
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
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
Check out our packages and features for Property Companies. To get an instant quote for the packages click the button below:
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
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.
Monthly fixed retainer based solutions. Xero Online and Dext subscription fees (where applicable) are covered in the fixed monthly fees.
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.
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.
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
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.
It could be possible, depending on the number of properties and their amounts, that VAT may apply.
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”.