Accountants for Landlords
Specialist accountants for landlords
Buying property with the intention of making it available for rent continues to be a popular investment choice. Whether you’re starting to put together a property portfolio or are looking for a way to supplement your retirement income, there’s a lot to think about. How do you maximise your income and ensure you’re taking full advantage of any tax allowances?
Getting professional accountancy support on the side can make the whole process much easier.
Accountants for buy-to-let landlords and property owners
At One Click Accountant, we offer a bespoke service to landlords. We ensure that your tax affairs are properly arranged and managed to help you maximise your income while ensuring you remain fully compliant. We help to take the stress out of managing a rental property portfolio, whether you have one or several properties.
We will also help you successfully manage your buy-to-let finances and ensure that your day-to-day operations run smoothly, as well as helping you take a more strategic, long term look at how you run your portfolio.
Through intelligent tax planning, we’ll help to minimise your tax liability, all the time ensuring that you’re fully compliant with the evolving legislation. With the HMRC taking a keener interest in the buy-to-let market, it’s important to keep abreast of changes that could impact on your property portfolio.
We can advise you on everything from tax reliefs available to landlords, working out the tax credit on your loan interest, to the range of records that you will need to keep.
So, whether you’re a novice property investor or have already built up a sizable portfolio, our tailored approach can help make your life easier, while increasing the yield on your property.
Tax advice for buy-to-let landlords and property owners
At One Click Accountant, we use our knowledge and expertise to provide advice that helps you maximise the tax efficiency of your property portfolio:
Income tax will need to be paid on any rent received after deducting for allowable expenses. Allowable expenses can include repairs, agent’s letting fees, an allowance for furnishings and a proportion of the mortgage interest.
There have been changes in loan interest relief with landlords no longer able to deduct all their finance costs from their income tax liability. Instead, they now receive a basic rate reduction from their income tax liability for their finance costs.
Landlords are currently allowed to deduct the costs they incur on replacing furnishings, appliances and kitchenware in their properties. It excludes any items which are considered fittings.
Capital Gains Tax (CGT) will be liable to be paid on the eventual sale of the property, less the original cost of the property, certain legal costs and any capital improvements made to the property.
Why choose One Click Accountant?
At One Click Accountant, we’re experienced at providing a range of accountancy services and support to buy-to-let landlords, investors and growing property businesses.
We can offer a bespoke, tailored service that meets your most pressing accountancy needs and helps you plan for the future.
We take a proactive approach that helps us to spot problems before they arise allowing us to resolve them swiftly, and with the minimum of fuss.
We also provide a number of fixed-fee services that help to deliver clarity, transparency and peace of mind. We allow our clients to focus on their core business safe in the knowledge that their finances are in good order
If this is your first time as a landlord and are feeling overwhelmed by everything you need to consider, or you have a growing property portfolio that is becoming more complicated to manage, then we can help take a weight off your mind.
Having professional support on hand makes the whole process much easier. As our services are tailored to your business, it’s often more affordable than you might have imagined.
At One Click Accountant, we’re here to help. Why not get in touch with us today to find out how we can help you make your property business more profitable and your life a lot easier?
Call 0330 124 4675 or contact us via our online enquiry form to find our more about our accountancy services.