LandLord Taxation Services by Hayes Chartered Certified Accountants and Tax Consultants

Are you a property owner ? Looking for Affordable , transparent landlord accountants , Landlord Taxation, Expert advice ?

Our dedicated accountants for landlords have expertise in Management of your property taxes, Accounts management and much more. You will get a dedicated landlord accountant from Hayes Chartered Certified Accountants (HCCA), Starting from just £24/month.

You will get

LandLord Taxation Services by Hayes Chartered Certified Accountants and Tax Consultants
What is Landlord Taxation and importance of landlord accountants

What is Landlord Taxation and importance of landlord accountants

From Stamp Duty Land Tax at the point of buying, to Capital Gains Tax at the factor of selling property, taxation is a commonplace subject of buy-to-let belongings ownership.

If you own a property, getting access to tax advice for landlords is vital. Property and business tax bills can upload up, however, landlord accountants help you understand your duties to HMRC and make the most of any tax-planning possibilities that come your way. 

If you’re planning on buying or selling a rental property, expert advice is fundamental. A tax adviser for landlords permit you to keep away from capital gains tax traps.

Types of Tax Does A Landlord Need To Pay in UK?

Tax on Rental Income

If you rent out a property, the rent you get (plus any extra payments from tenants, like for utilities or services) is taxable. You have to pay taxes on the profit, which is the rent minus the costs that are allowed. The basic rate is 20%, the higher rate is 40%, and the additional rate is 45% of your total income.

If your rental income is above a certain level, you must report it to HM Revenue & Customs (HMRC) through the Self Assessment system.

Tax on Capital Gains (CGT)

If you sell a property that isn’t your primary residence, you’ll probably have to pay CGT on the profit (the sale price minus the purchase price and some other costs that are allowed). The rates change based on your income and whether the property is a home.

Keep in mind that there is a yearly CGT allowance (like £3,000 in recent years) and different types of reliefs may apply (like if the property used to be your home).

Stamp Duty Land Tax (SDLT) or other similar taxes on purchases

When you buy a second home or a home to rent out (buy-to-let), you usually have to pay SDLT (in England and Northern Ireland) and sometimes a higher rate surcharge (an extra % on top of the normal rates).

If you buy through a company or are not a resident, there may be extra fees or special rules.

National Insurance Contributions (NICs) (in Some Situations)

Landlords don’t usually pay NICs on rental income because it isn’t usually considered “earned income.” If HMRC thinks your rental activity is a “property business” (like having more than one property, a lot of turnover, etc.), you may be responsible.

How Hayes Chartered Certified Accountants and Tax Consultants help property owners as landlord accountants?

How Hayes Chartered Certified Accountants and Tax Consultants help property owners as landlord accountants?

Our landlord tax accountants deal with many landlords each 12 months, helping them to maintain on pinnacle in their tax. We offer recommendation and services to assist landlords with:

  • Rental assets
  • What expenses landlord can claim
  • Property tax advices
  • Tax efficient structuring
  •  Inheritance tax planning
  • Non-UK resident advice
  • Landlords Capital Gains Tax advice and compliance
  • Finance-raising advice and assistance
  • Stamp Duty Land Tax (SDLT)
  • Value Added Tax (VAT)

Why not get in touch nowadays and let us act as your landlord accountants? We also provide online accounting services throughout the UK. 

What expenses can a landlord claim?

NOTE : If you’re a landlord and rent out property, you’ll probably need to submit a tax return through self-assessment on or before midnight on 31 January.

  • Travel – including mileage, motoring costs and overnight accommodation.
  • Professional fees – all the more reason to invest in the advice of professional landlord accountants.
  • Letting agent fees – the cost of using an agent to market and let a property is tax deductible.
  • Repair and maintenance costs – you can only claim revenue expenditure, i.e. the costs of maintaining a property, and NOT capital expenditure, i.e. the cost of improving a property.
What is Landlord Taxation and importance of landlord accountants 1

Looking for landlord Accountants near me in UK ?

We are specialist landlord accountants and tax advisers for your property business. These services will be delivered by our qualified and experienced team as tailored per your needs . Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest in UK market.

Are you really interested and want Landlord Taxation services in UK, we are the right choice for you. Weather you have property business, your income is coming form rental income and need services like, Property tax advices, Tax efficient structuring, Inheritance tax planning, Non-UK resident advice, Landlords Capital Gains, Tax advice and compliance, We got you all covered.

FAQ's

Landlord taxation is a term refers to the taxes that property owners have to pay on income from their rental properties.

We provide all type of Landlord Taxation services to the clients such as

  • Property tax advices
  • Tax efficient structuring
  •  Inheritance tax planning
  • Non-UK resident advice
  • Landlords Capital Gains Tax advice and compliance
  • Finance-raising advice and assistance
  • Stamp Duty Land Tax (SDLT)

Yes, Hayes Chartered Certified Accountants understands the importance of clear communication. We offer virtual consultations, allowing clients to discuss their accounting needs, ask questions, and receive personalized advice from our experts without the need for an in-person meeting.

You can book free consultation slot here “Get Free Consultation”

Choosing between traditional, local and online accounting firms is a personal decision. However, some local companies can only work on certain types of startup businesses. For example, a company may specialize in working with as in single trader or a limited company model, but does not provide the flexibility needed for potential growth as a small company. In general, online accountants for startups like HCCA can provide much more affordable and flexible accounting services than the local accountants.

As we also offer free online consultation to understand the to provide you the best accounting solution as possible.

There are a lot of ways you can contact Hayes Chartered Certified Accountants (HCCA), 

Call : 02086460800

WhatsApp : 07429584191

Email : info@hayes-accountants.co.uk

Get Free consultation 

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