Property & Landlords
Property & Landlords
Tax and Accounting for Landlords and Property Owners
The tax rules and business legislation affecting landlords and property owners have changed hugely in recent years. There are so many details to keep up with!
The Pomroy Associates team has detailed knowledge of the requirements of property-based businesses. A wide range of businesses are involved, from refurbishment (flipping) and letting to property development and HMOs (houses in multiple occupancy). Whether you have one property or a portfolio … the rules apply to your business. That’s where our team can help.
Our accounting services for property owners and landlords involve:
- Understanding your goals and progress towards achieving them – via quarterly meetings.
- Advising the best business structure for your property investment and/or management.
- Specialist accounting knowledge for property value and investment.
- Current understanding of how property transactions should be recorded, including sales income, rental payments and allowable expenses (such as mortgage interest and maintenance costs).
- Submission of tax records meeting HMRC requirements, including income tax, stamp duty and capital gains tax as appropriate. We’ll also help you prepare for Making Tax Digital as landlords who complete a tax return will be affected.
Building tax efficiency
Your property-based business should involve maximum potential and minimal tax, just like any other trading organisation. It’s a fast-moving sector. We stay up to date and offer bespoke tax planning advice, keeping your business on track while complying with current legislation.
Let’s explore your potential in property.
