Landlords and property rental businesses are required to file rental accounts for their businesses as part of the tax return completion cycle. The interpretation of the tax law is constantly changing as a result of rulings in tax cases, and due to changes in the tax laws each year in the finance bill.
We have specialised in the landlord and property sector for a number of years, and are therefore experienced in dealing with a range of tax issues for our landlords and property related business clients.
As well as providing compliance services in relation to the completion of accounts and tax returns, we can advise you on tax planning ideas in relation to land and property, in order to maximise your income whilst ensuring that you remain within the law.
We can assist with the drawing up of service charge accounts for landlords, and also with property management accounts for shared freehold properties.
For our commercial clients we can advise on the benefits and costs of making an "option to tax" election on your property, and advise what the implications will be of doing so.
We are specialists in dealing with UK taxation of property for overseas clients - especially our high net worth clients based in Dubai, other parts of the Middle East and Asia.