Bracey’s can assist landlords and letting agents with self-assessment tax returns, ensuring accurate reporting of rental income and claiming allowable expenses. They offer guidance on operating through a limited company, managing annual accounts, and optimising tax efficiency. For those utilising the Let Property Campaign, accountants facilitate the disclosure process to HMRC, negotiating tax owed and minimising penalties.
For overseas landlords with UK properties, accountants navigate the Non-Resident Landlord scheme, ensuring compliance and advising on double taxation treaties. When disposing of rental property, they manage Capital Gains Tax (CGT) liabilities, calculating gains, applying reliefs, and advising on strategies to minimize CGT. This comprehensive support ensures landlords and letting agents meet regulatory requirements and optimize their financial outcomes.
Please see the links below for more information about our property related accounting services:
