To be liable to pay income tax is an inevitable part of being a landlord. However, tax doesn’t have to be taxing. If you need advice or are looking to minimise your tax on rental property income, we can help. With over 35 years’ experience in chartered accountancy, we are proud to provide clients with clear, actionable advice.
Our Landlord Tax Advice Services
Minimising Tax On Your Rental Income
We know that helping our clients make the right decisions can make significant savings on their rental income. Our role is to identify qualifying expenditure to offset against your rental income to ensure you get the most out of your investment and any allowable expenses.
Our guide on how to minimise tax on your rental income is a good place to start.
Property Tax Advice
Whether you’re new to property or a seasoned landlord, it is important that you are aware of your financial responsibilities and access the property tax advice you need. We help you navigate these responsibilities with care and personable service. For example, if you rent out a residential property as a business, you may be liable to:
- Pay Income tax on your rental income
- Pay Capital Gains Tax if you sell it
As tax advice experts, we can advise you on latest legislation and the tax you are liable for to help you stay on top of finances.
We can help with a wide variety of questions, queries and financial processes associated with being a landlord, your tax liabilities and your taxable income. This includes:
- HRMC related queries
- Personal tax relief
- Landlord tax return advice
- Self-assessment tax return
- Capital Gains Tax
- Stamp Duty land tax
- Corporation tax
As leading providers of tax advice in the UK, we are the trusted property tax accountant for many landlords and those in the property business across Leeds, the North of England and beyond. Our specialisms include residential property tax and assisting landlords with tax issues and queries in the buy-to-let sector.
The team at Leon & Company pride themselves on a proactive service that provides clear, up to date advice. Our clients are more than just a number. In order to offer genuine, helpful advice, it is important that we take the time to understand your needs and requirements as a landlord.