We can advise on what properties should be held personally and what should be held within a limited company within a property portfolio to achieve tax efficiency. We can look at what can be claimed as property expenditure against rental receipts to reduce income tax or corporation tax respectively.
We also conduct capital gains tax reviews to advise on potential CGT or inheritance tax liability and mitigate it in advance looking at principal place of residence relief, letting relief etc.
Where properties are in a business we can advise on capital allowances, roll over relief etc.
The Summer 2015 Budget has amended from April 2016 expenses you can claim on your let property. There will be no more 10% wear and tear allowance but you will be able to claim replacement equipment and furniture cost. Mortgage interest relief will eventually be limited to the basic rate allowance for individuals.
Who are they For?
Individuals/couples with a property portfolio.
Reviews start from £150+ vat per meeting or £100+ vat per property.