Buy To Let Company Accountants

Buy To Let Property Accountants for Landlords and Property Investors

We are buy to let property accountants for landlords and property investors specialising in all aspects for accounting and tax for rented property.

Maybe you are about to tentatively dip your toes into the world of buy to let and property investment. Perhaps you are an experienced investor with a portfolio bursting with successful lettings.

Whichever one you are, you need an experienced accountant who has up to date knowledge and experience of accounting and tax for rented properties. This is where we come in.

We can help you, whether you have property here in the UK or overseas and whatever type of property you are letting out. We can talk to you about the strategies involved, such as buying through a limited company, and the benefits and downfalls of doing so.

Limited company vs personal investment

When it comes to investment, property development and buy-to-let is always an attractive prospect. Of course, like any other form of investment, the property market has its fluctuations but generally, it is one of the more stable tangible assets and can pull in a decent return over time.

Some people choose to do it as a way of earning a secondary income, while others make a living from doing it. Whichever path you are taking, it is vital that you treat it as a business and consider the various ways of managing it. Landlords and property investors must get the correct advice for their portfolio from an accountant.

Our team work closely with all sorts of landlords and are up-to-date with various acquisition methods and structures, and can discuss these in more detail with you as you prepare to add to your property portfolio.

How can we help you?

To help you get the most out of your properties, we can help you with the following:

  • Preparing rental accounts
  • Looking at your expenditure to ensure you maximise tax efficiencies
  • Advice on capital gains tax
  • Preparation of tax returns
  • Advice on property tax
  • Landlord specific reliefs
  • Improve profit levels
  • Advice on acquisition and structure - do you choose limited company or personal investment?
For more information about buy to let mortgages, limited companies, capital gains tax or your financial responsibilities as a landlord, get in touch with our team today. We can help you to get the most out of your buy-to-let property business, whatever scale it is on..

What are your responsibilities?

If you rent out a property, whether as an individual or as a limited company, you have certain responsibilities. These responsibilities are both financial and administrative in nature. If you are doing it for additional personal income, you must register for self-assessment and declare your earnings in an annual tax return. If you have a portfolio as part of a limited company, you are required by law to submit accounts and returns every year. It is vital that these are all completed and submitted to the required timescale too. Failure to do so can lead to significant financial penalties and investigation for tax evasion from HMRC.

Keeping on top of your financial responsibilities and obligations as a landlord can be challenging, especially when you are juggling them with the everyday management of your properties and maintaining a good relationship with your tenants. This is where landlords and property investors would do wisely to use the services of a specialist property accountant.

What are the disadvantages of using a limited company for a buy-to-let portfolio?

If you choose to use a limited company for your portfolio, you may find that you have to pay out more, to begin with. Limited companies are charged higher interest on buy-to-let mortgages than those who buy it as a personal investment. Not only that, but if you purchase a buy-to-let property as an individual, and then transfer it to the name of the business, this makes you liable for stamp duty.

Do limited companies pay stamp duty on buy-to-let properties?

If you are buying a property with the intention of letting it out, you have to pay stamp duty. This goes for both limited companies AND personal investors. Due to the current economic situation and COVID-19, stamp duty has been reduced until March 2021 in England and North Ireland For properties under £500, 000, the current stamp duty rate is 3% and increases incrementally thereafter.

What is the availability of buy to let mortgages for limited companies

As a general rule of thumb, only around a quarter of buy to let mortgages are available for limited companies, with the remaining three-quarters going to individual investors.