Property Tax Advisor Wakefield – Property Tax Specialist
Property Tax Advisor Wakefield – Property Tax Specialist
Are you thinking about investing in property for the purpose of renting it out? Do you currently own more than one property and wonder what the tax implications may be? Smart Solutions Taxation and Accounting is here to help with all your property accounting needs!
Owning property for letting purposes is a very popular way of earning an income, but there are quite a bit of things that need to be looked after and taken into consideration. Being a landlord is hard work - from looking after all the properties, ensuring they are well maintained, and attending to everyone’s needs is a 24/7 job that never ends! Why add tax to the long list of things on your to-do list? That’s why we offer personalized accounting services for landlords because you deserve someone capable on your team.
Have a look at some of the many ways we can help ease the burden of tax on your shoulders:
UK Property Tax When Abroad
Things can get pretty complicated if you’re living or working abroad and still own property in the UK. If you’re renting the property out for a source of income, and your annual income is more than £12,500 annually, you are obligated to pay the relevant tax. Seeing as accounts like this can become quite complicated, it's important that you seek the help of a property tax specialist
to advise you on the matter, especially if you aren’t in the UK to tend to it yourself. This will not only save you a big headache, but also a lot of money in terms of penalties, should you not comply with the law simply because you didn’t understand it.
Business Property Tax
Businesses that own properties for commercial use have their own tax obligations that may include vat as well. This is a whole other ballgame as opposed to owning property personally - that’s why we also offer property management accounting services, to ensure your properties’ accounts are well looked after and per all the taxation requirements. Because, if you're juggling everything that comes with running a business as well as looking after the properties it owns, the last thing you should concern yourself with is its taxes - that’s why we’re here to help!
If you don’t yet own any property but are strongly considering investing, we offer excellent services and have some of the best property tax advisers to guide you through everything you should know before making the big leap. You will also be advised as to what the best moves would be to make financially. If you’re thinking to yourself: “I’d love to use these promising services, but I just don’t have the time for all the consultations and meetings.” don’t worry about it! We offer fully cloud-based support for individuals whose time is precious, enabling us to assist you wholeheartedly without ever needing you to physically attend any consultations! Because after all is said and done, the only thing you need to be worrying about is what you’re going to do with all the money we’ll be saving you!