Accountants for buy to let landlords

Is buy to let still a good investment?

Despite sweeping tax changes, buy to let property is still an excellent investment. We can help you get the most out of your property with expert buy to let accountants specialising in:

• Stamp Duty Land tax (SDLT) when buying a buy to let property
• VAT on property purchases, refurbishment and certain property conversions
• Income tax on property profit
• Capital Gains Tax (CGT) when selling or gifting buy to let investments
• IHT on buy to let investments
• Changes to UK tax law that impact landlords

We’ll help you determine the most tax-efficient way for you to purchase and manage your buy to let property. We do this by maximising the tax reliefs, deductions, and expenses available to you.

For example, one of our clients is an additional rate taxpayer. This means that they pay 45% tax on their income. Due to the government changes and Section 24, we forecast that the tax liability would increase from 45% to 135%. After a few discussions, we were able to reduce the tax liability from the forecasted 135% to 62%. While this isn’t the 45% income tax banded rate, it’s certainly better than giving away all their profits to the banks and HMRC.

The specific rules and regulations which are used to calculate your buy to let tax are dependent on several factors, including the nature of the property in question. If you’re renting out a residential property, you’ll have a different calculation to if you were offering holiday letting, which is different from letting a single room in your residence. Additionally, your personal residential status has an impact.

We will ensure you are as tax efficient as possible when preparing all of your accounts and tax returns in full compliance with HMRC. We also run four-year tax forecasts for each client tailored to your specific circumstances. That way, you can confidently plan and reduce the impact on your hard-earned income, ahead of time.