Accountants for Landlords
Accountants for Landlords
In last few years , changes in the UK tax system has made it difficult for landlords and property investors. They find it very challenging and (at time confuding) to structure their businesses correctly to save tax legitimately.
In order to help landlords operate in the most tax-efficient way possible, our team offers a range of accounting and tax planning advice. Optima specialists make sure they have up to date knowledge of tax legislation in UK which is essential to reduce your tax liability. Whether you are a new in this business or you a portfolio wih growing rental business, we work with you to provide a range of support.
Claiming Rental Expenses – we ensure you claim them rightfully
It is important to ensure that as a landlord you are claiming all admissible expenses against your income for your rental property to reduce your taxable profit. If these expenses exceed your income, you can carried forward your loss to the following tax years and, hence reduce your tax liability.
We have provided a basic list below highlighting just a few rental expenses for your residential Property to be considered as a landlord:Â
- Mortgage interest and other finance costs under certain circumstances
- Management or Letting agent fees
repairs and replacement of non-capital expenditure - Services such as cleaning or gardening
- Travel costs related to the property
- Accountancy & other professional fees
In most of the circumstances the expenses incurred prior to letting can be claimed.
In addition to this, we also can help you in other strategic level matters including the following: - Advice regarding ‘Buy-to-let’ tax planning
- Incorporation of buy-to-let portfolios
- Stamp Duty Land Tax (SDLT) advice
- Preparing and submitting ATED
- Group structuring
- Use of special purpose vehicles and/or joint ventures
- Trading versus investment options
- VAT related advisory
- Non-resident landlord and withholding tax advice
- Advice regarding Corporate interest restrictions
- Transfer pricing advice
Regarding Offshore Matters
We serve a diverse range of construction and property management businesses, from individual overseas investors to construction companies and property developers.
In recent years, HM Revenue & Customs has implemented substantial legislation concerning non-UK residents investing, developing, and dealing in UK land and property. Having an advisor who comprehends these intricate matters is crucial. Our expertise lies in providing proactive guidance and strategic planning tailored to these specific challenges. It can range from simple solutions to the handling offshore property investment trusts.
We provide a wide range of accountancy tax and business advisory services for Landlords. However Some of our frequently used services in this industry are
- Property Accounts
- Statutory accounts (in case of limited companies)
- VAT returns
- PAYE & RTI’s
- CIS returns
- Self-assessment
- Tax returns i.e.
- SA100 or CT600s
We understand that choosing an accountant for business is a challenging task therefore we offer an initial no obligation meeting 30 min -1 hr with an experience team member in your industry to answer your questions. Please fill the form and we will get back to you.Â