Property

As the UK continues it’s love affair with property, there continues to be activity in the buy-to-let and speculative property development fields.

Such investors are often new to the mechanics of business and taxation and will usually require a mix of our services:

Compliance Services

  • Preparation of annual rental accounts,
  • Completion and submission to HMRC of personal tax returns,

Advisory Services

  • Advice on personal or corporate ownership and business structure,
  • An understanding of how rental trancations are taxed,
  • Capital gains tax advice,
  • An understanding of rent-a-room relief, principal private residence relief, lettings exemption and other claims to reduce the tax cost of holding and selling property,
  • Advice on re-structuring your finances so that all finance costs can be off-set as a tax deduction against your rental income.

Property investors can often find themselves paying a great deal of ongoing and/or exit tax. We have a specialist team that understand this, and are familiar with a range of tax advice solutions to reduce this tax leakage. Let us take away your worry of understanding how the tax system will affect you and let us see if we can reduce your tax exposure.

Our Property Investors Group “A Brief Guide to...” Publications:

Client Review

I have always found Whiting & Partners helpful, reliable, always willing to discuss problems and advise on the best procedure.



 
Latest Blogs in Property
 
Jodie Tarbin
6th September 2017 Bank of Mum and Dad!

  A parent with spare funds to invest may like to consider purchasing a property for their student son or daughter to live in whilst at university, in order to save on student accommodation costs.   We recently advised a client that, so long as their son or daughter lives in the property as his…

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Jodie Tarbin
23rd August 2017 Updated Brief Guides from our Property Investors Group

  Our Property Investors Group have recently updated our ‘A brief guide to…’ documents which are now ready for you to download on our Property sector webpage.   They give help and support with various property related queries relating to stamp duty land tax, treatment of furnished holiday lets and tax for non-resident landlords, for…

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Jodie Tarbin
16th August 2017 Common Tax Errors Landlords Make

  HMRC have a Let Property Campaign to try to encourage landlords who have not previously declared their taxable income and gains to come forward as soon as possible, in order to bring their tax affairs up to date. The let property campaign is aimed at individual landlords with residential property in the UK or…

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Richard Alecock
10th July 2017 Pros and cons of using limited companies for buy to let properties

Following the announcement to cut tax relief for landlords from April 2017, setting up a limited company to purchase investment properties has been suggested as one way to ease the burden of tax. Whilst the legal transaction is essentially the same whether an individual or a company is purchasing the buy- to- let properties, there…

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Jodie Tarbin
29th March 2017 Tax Relief Restriction

Buy-to-let Mortgages: Tax relief restrictions soon to commence. The Chartered Institute of Taxation (CIOT) issued a press release today reminding residential property landlords that the first phase of the restriction of tax relief for mortgage interest commences in April. The change means that finance costs (including mortgage interest) will no longer be deductible in full…

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Catherine Hubbard
5th March 2017 MTD Update

Making Tax Digital: or Making Tax Difficult? Our MTD team look at a general update on MTD, Landlords, Timelines and Deadlines, Third Party Data, Bridging the Digital Gap, Unincorporated Businesses and ‘are you ready?’: Full Newsletter Blog entry by: Catherine Hubbard.

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