The acquisition of a rental property is probably the most common reason why people get drawn into the self-assessment tax regime. Most are looking to provide for additional income and capital growth for the future, and see in rental properties something which has historically been a safe investment, is tangible, and one where they can directly influence the returns.
With the huge increase in the number of rental properties, the Government is introducing ever more complex and onerous tax rules. The introduction of MTD ITSA will catch many landlords in the future, and the need to submit a CGT Residential return within 60 days of disposal of a property are examples in point. In the case of the latter, we can assist with the filing of the return and the calculation of the tax payable within the time limit.
Contact us today to discuss how we can help your business.
Call us or send a message and we will arrange an informal conversation with one of our partners so we can get to know more about your needs.