Expert Tax Advice from an Authoritative Buy-to-let property Tax Source

86-88 Old London Road
Patcham, Brighton
East Sussex BN1 8XQ
0800 160 1400
info@brighton-accountant.com
http://www.brighton-accountant.com

Buy-to-Let Property (BTL), Investment Property, Rental Income & Tax

 

With Brighton Accountant as your appointed tax advisers we can help reduce your Income Tax ensuring all allowable expenses are deducted against your Buy-to-Let property (BTL) rental income. When selling your Property (BTL), you need to consider obtaining expert Capital Gains Tax advice. There are a significant number of exemptions available for Capital Gains Tax mitigation. The timing of the asset disposal can also result in a considerable saving of capital gains tax on your buy-to-let property. As your tax consultants, we would prepare your capital gains tax computations. Brighton Accountant would ensure all your buy-to-let property entitlements for claims to reliefs and exemptions are established andclaimed for.

 

Whether you are buying, selling, renting or leaving it in a will, a Buy-to-Let property (BTL) will be subject to many forms of taxation:

Stamp Duty Land Tax – Payable when you purchase your Buy-to-Let property (BTL). The percentage of tax payable depends on the value of the buy-to-let property.

Income Tax – Charged on all buy-to-let property rental income after allowable expenses are deducted. The amount of tax paid is dependent on the income tax band. This must be declared on your annual Self-Assessment Tax Return.

Capital Gains Tax – Chargeable on the gain you made when selling a Buy-to-Let property. The amount of Capital Gains Tax payable is calculated depending on the length of time you owned the property, whether you lived in it and certain deductible capital expense incurred as well as costs when you purchased and sold the buy-to-let property.

Inheritance Tax – Payable dependent upon the total value of the estate, including the buy-to-let property.
As your appointed accountants and tax advisers, let us deal with your buy-to-let property matters. It will facilitate you to continue with the day-to-day management as a landlord.