Chartered Tax Accountants Who Will Prepare Your Accounts For The Inland Revenue
Chartered Tax Accountants Who Will Prepare Your Accounts For The Inland Revenue
Assistance with Tax Credit claim forms, General tax advice given, Capital Gains Tax, VAT Returns, Buy to Let Income Statements, Book keeping advice and assistance, Payroll services, including a payroll bureaux, Assistance with administering CIS schemes, Preparation of business plans, Management
BUY TO LET TAX ISSUES Buy to let has become very popular over recent years but do have implications on your taxes. Having a buy to let property will affect your income tax and capital gains tax position. INCOME TAX The income that you receive from your property will need to be included on your tax return. You are allowed a deduction from income for certain expenses. Special rule if you are abroad and your rented property is in the UK - your agent will deduct tax from the rent until the Revenue are satisfied that your tax affairs are up to date. Make sure you’re your affairs are in order – you don’t want a Revenue enquiry.