Buy To Lets (BTLs)

Owning a rental property can have income tax, corporation tax, capital gains tax, inheritance tax and SDLT implications

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:

Capital Gains Tax

Let Property Campaign

Inheritance Tax

What our clients say

« Bracey’s have provided us with a whole host of advice – personal tax, PAYE, R&D claims, Corporation Tax, payroll & pensions. As with a lot of businesses, we have randomly been selected for a VAT enquiry from HMRC. This can be quite a daunting occasion for a small business but the team from Bracey’s attended our offices to offer HMRC any information they needed and they conducted themselves in a capable, unfazed manner «

Managing Director, Hertfordshire Technology Firm

« Bracey’s have dealt with a number of areas as part of my tax return including foreign exchange income, online sales, buy to let income, VAT registration, advice regarding companies house and everything else in between. Nothing has been too much trouble or too complicated. «

Gerard Sandford, LLP

« Bracey’s have been instrumental in streamlining my invoicing procedure, they are speedy with their responses, friendly and always extremely patient; which if you knew me, is really needed! Braceys have provided me with accounts/tax/invoicing and all the usual; but on top of this, advice on a whole manner of situations that arise in my business. «

Jim Erwood - Founder - Extra Time Management Ltd

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