From buy-to-let landlords to large property groups, our specialist property accountants and property tax advisers can help you keep one step ahead of constant tax changes, including the recent removal of mortgage interest relief. We offer on tax planning strategies and tax saving advice for individuals or businesses working in the residential property sector. Property tax is a complex area and how your businesses tax structure is carried out could have a massive effect on your overall tax bill.
If you hold properties as long-term investments, producing income in the form of rental profit and capital growth; you will be considered as a property investor by HMRC
Principal Private Residence
What is less well known is just how far principal private residence relief can extend, especially when combined with other available exemptions and reliefs.
Construction Industry Scheme
The "Construction Industry Scheme" regulates the payment from contractors to subcontractors in the Building Industry. If you use sub-contractors for construction work for your property business you will have to register as a "Contractor" with HMRC
A property developer predominantly acquires land or properties to carry out building work or renovation with a view of selling the developed properties for profit.