Landlords and Property Tax

Landlords and Property Tax Services

Investing in property has long been a trusted way to maximise your wealth. However, over the past few years property tax treatment has been through significant changes. The restrictions on loan interest to basic rate of tax and extra stamp duty on second homes, has frustrated many taxpayers.

Accurox offers solutions for all forms of property investors. From individual landlords to corporate landlords and from non-resident investors to property dealers.

What can we do for Landlords?

Our property and landlord services can offer the following services:

• Limited company accounts & Tax Returns
• Individual landlord Tax returns
• Property related tax advice
• Tax efficient property structure.
• Non-UK residents tax advice.
• Inheritance tax planning
• Stamp duty advise
• Annual Tax Enveloped Dwellings (ATED)

You can trust in Accurox and our team of specialists to ensure you never face unnecessary costs or fines. We see that you are registered into HMRC’s system to avoid any late registration penalties.

Full Disclosure

If you have been unaware of the need to declare the income you receive for your rented property, you should make a full disclosure to HMRC as soon as possible. The Let Property Campaign has been set up to allow landlords with undisclosed taxes to come forward, get up to date with the tax they owe, and access the best possible terms. In fact, if you have submitted your self-assessments and tax returns within the appropriate time frame, but have just made a mistake about your income, you will only be required to pay for a maximum of 6 years, no matter how long you have been behind with your tax affairs.

Accurox can advise you on the best way to navigate this process as easily and safely as possible. We can calculate the interest and any penalties due and create and submit your disclosure to HMRC on your behalf.

Making Tax Digital (MTD)

From April 2023, landlords who are earning more than £10,000 income per year from rental properties will be required to file (and keep records of) their tax online. At Accurox, we have long encouraged our clients to embrace cloud accounting, and we already use Xero, one of the accounting software packages that is compatible with HMRC. If you haven’t already switched, we can make this process as easy as possible for you.

How can Accurox help?

Our property and landlord services can offer the following services:

• Our State-of-the-art accounting system.
• Online accounting helping you focus on your investments
• Paperless reporting
• Clear concise information
• Portfolio Analysis
• Return on investment analysis.

Contact us through the form below or call us now for faster transactions.