Property Rental

Property rental and development has been a popular method of investing personal funds over the past decade with Buy to Let properties being seen as a great way of generating healthy returns, whilst also enjoying capital growth.

The Accounting landscape has changed significantly for property rentals over the past decade, with consideration needing to be paid for a number of factors, from the increased Stamp Duty Land Tax on the purchases of second homes through to restriction of interest relief for higher rate taxpayers. There have also been relatively new reliefs added such as the Replacement Domestic Item Relief for furnished lettings to keep tax liabilities to a minimum.

We can advise on the following:

• Property rental Accounts

• Maximising reliefs available for property rental

• Preparation and submission of property tax returns

• Preparation of capital gains tax computation with consideration of reliefs such as principle private residence relief, letting relief and so on

• Assistance with stamp duty land tax returns