Are you aware of the implications of buying, letting
or developing property?
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The Chancellor previously announced changes to the way in which private landlords are taxed on rental income by restricting Mortgage Interest Relief. The changes are having a huge impact on the tax liabilities of private landlords.
As the numbers of individuals entering the property market for investment purposes has significantly grown over the last few decades, there is now a real need for specialist advice on what the implications are for buying, letting and developing property.
At Beak Kemmenoe our team have considerable experience and technical knowledge in providing tax and business advice in respect of property income.
We can assist with:
- specific advice depending on whether you are buying, letting or developing property
- service charge audits
- guidance on VAT issues including opting to tax and registration
- advise on stamp duty land tax and capital allowances
- advice for non-resident landlords (NRL)
- annual tax on enveloped dwellings (ATED) on properties over £500,000
- personal tax advice for private BTL landlords
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If you have any enquiry in respect of property related taxation matters, please contact us today.
Call us on 01634 830100
From new start ups to long established companies, our clients trust us to deliver.