As a landlord we know that you have many tax and accounting issues to consider. These include:
- Changes in mortgage interest relief for landlords
- Increased stamp duty charges
- Removal of the wear and tear allowance
- A change in the rules for the cost of replacing furniture
- An increasing number of property tax investigations driven by HMRC and access to new date sources
- Whether or not to form a Limited company for your buy to let properties.
We understand that you want to get the most out of your long-term property investment, whilst paying the least amount of tax legally possible. Read on to see how Barry Duggan & Co can help you achieve that.
How we can help
As property accountants, we have been supporting landlords like you for over 25 years. We understand the marketplace, what’s changing, and what opportunities there are for the future. This means that we can provide relevant, accurate and jargon free advice on property accounting and tax issues.
We support many landlords who manage one property as well as larger family groups with 10 or more properties. We always customise our service to fit your exact needs. Usually, as property account specialist our service includes:
- Preparation of tax returns for individuals or corporate property owners.
- Advising on structuring and mitigation of tax.
- Supporting landlords with tax problems of property tax investigations
- Planning for growth and sale of the property business
- Inheritance tax planning for property investors.
For more information contact us for a discussion to see how we can help.
Non-Resident Landlord Tax returns
Our Understanding
Owning a property in the UK has been an attractive investment over the last 25 years or so, and the number of non-resident landlords has increased Significantly. This surge has been made up of a mix of former UK residents or those who have never lived in the UK but have seen the opportunities of a good investment.
Dealing with the various property tax issues is a difficulty that landlords have to contend with. In addition, tax rulers for non-resident property owners have become increasingly more complex as the property tax and capital gains tax rules have changed.
We at Barry Duggan & Co act for several non-resident landlords, providing a complete tax and accountancy support service, and we can support you with your international tax affairs.
Our services include:
- Registering you with UK tax authorities
- Preparing annual non-resident landlord tax return for landlords based out of the UK
- Ensuring landlords continue to receive rents without deduction of tax.
- Advising on income and capital gains tax changes.
- Receiving statements directly from the letting/managing agents
- Dealing with HMRC queries or enquiries
- Receiving payments and making tax payments from client funds, where appropriate.
We support non-residents owning between one to ten properties.
For more information on our non-resident landlord tax service please contact us.