Letting residential properties is becoming more and more burdensome in terms of administrative tasks and commitments. As you are probably aware, tax relief for buy-to-let mortgages is now coming to an end over the next few years, thereby raising landlord’s taxable rental revenue significantly for many. For more information see Buy-to-Let Tax Relief: Are You Prepared?
Our services for landlords will take care of preparing your profit & loss account for each property as well as your self-assessment tax return. If your property portfolio is under a limited company we will process your annual accounts as well as taking care of Companies House formalities such as annual returns.
Tax Arrears (now or in the future)
We understand that sometimes landlords may hit difficult times which can vary from long periods of properties not being rented to major works being carried that has financial impact. Add to this the recently enacted Finance Act that will end tax relief for buy-to-let landlords and it is clear that tax arrears may become consequential.
Whilst it should be seen as a last resort if you fall behind with your tax liabilities, we can assist you with arranging a Time-to-Pay arrangement with HMRC. This service does not come with any extra cost to you as our client. It is simply our commitment to you as a valued customer so that you remain in control of your liabilities during any time of difficulty.