Tax Advice for Landlords and Second Home Owners
How We Can Help With Your Property Tax
If you need buy-to-let and second home tax advice, our specialist team can help you understand your tax obligations and make your property ownership as tax efficient as possible. Whether you have bought a property as an investment, inherited a property, own a second home or have a portfolio of rental properties, we can provide practical advice tailored to your circumstances.
You may be in the position that you have inherited a property that you are not ready to sell yet or that you have recently moved in with a new partner and find yourselves with two homes. We can help you find the way to make second home ownership work for you and plan with you to minimise your second home tax burden from the property in the future.
Whether this is new to you or whether you are a property portfolio holder we are able to offer a wide range of tailor made services and have a specialist team ready to help you.
How we can help with buy-to-let and second home tax
- Advice on the best way to structure mortgage finance for tax purposes
- Advising you on ownership where you are a higher rate tax payer
- Guidance on Stamp Duty and VAT
- What you have to tell HM Revenue & Customs and how to complete your tax return
- Advising you on what expenses you can claim
- Maximising your Principle Private Residence relief
- How to ensure your property meets the Furnished Holiday Lettings rules
- How to calculate the tax due when properties sell and claim maximum deductions
- Assisting you with reporting and paying Capital Gains Tax on property within HMRC’s 60-day deadline
- How property ownership affects your position for inheritance tax
Selling a buy-to-let or second home
If you sell a buy-to-let property or second home, you may need to report and pay any Capital Gains Tax due within 60 days of completion. Read our guide to Capital Gains Tax on property or contact us for advice on what you may need to report and pay.
You can also use our Online Capital Gains Tax Service, which offers a quick and easy way to supply us with your details so that we can carry out the calculations for you.
Whether you are purchasing, letting or selling a property, getting buy-to-let and second home tax advice early can help you understand your liabilities and plan ahead.
