Tel: 01795 478044 | Email: admin@williamsgiles.co.uk
Services to Owners of Buy to Let Properties
Williams Giles is used to acting as a hands-on Adviser to Individuals and Companies in the Property Sector both during the early stages of setting up and also as the business grows and develops.
If you are an individual with just one property or several, run a Property Investment (or Development) Company, a non-resident landlord, have Residential or Commercial Properties —we can help you.
Working directly with your Letting Agent (if you have one) or yourself –we can work in any way which is best for you.
We have good contacts with Lawyers, Property Agents and Bankers who we can share with you or, of course, work alongside your own advisors.
Our services include:- All necessary registrations with the Revenue
- Tax Planning and Annual Tax Returns
- Rental Accounts
- VAT advice and Mitigation
- Advice on Records Keeping
- Capital Expenditure Planning and Finance
Useful tax advice given in straightforward language to help you make the most of your investment
Buying a property?
We can help you choose the best way to own the property—in your own name, in joint names or perhaps in a Limited Company.
Receiving Rental Income
If you are new to renting, we can assist in any necessary registration/notification to the Taxman. With the new penalty regime now in place for incorrect Returns and the new forms for Stamp Duty Land Tax by which the Revenue could be made aware of all purchasers of property, this notification is very important.
For all property owners, we can prepare your rental statements and complete your Tax Returns. We will work with you to ensure you are getting the full benefit of the different allowable expenses so as to keep your annual tax bill down.
To make your life easy, we will deal with the tax authorities on your behalf and keep you totally aware of your tax to pay and when to pay it.
Selling a property? (or giving it away)
Here you may need to consider Capital Gains Tax. We can do all of the necessary calculations, with the minimum of fuss, and let you know any planning opportunities available.
Planning for Future Generations
Your property may be your nest egg for the future, a source of continuing income or a way of saving for your children.
Whatever your reasons to buy to let, we can ensure you take full advantage of the opportunities available and the expensive tax traps to avoid.
We will look at the entire picture and are happy to advise on your personal situation which may include Income Tax, Capital Gains Tax and Inheritance Tax planning.
Like the foundations of your property, tax advice is not to be ignored. Get the basics right, have regular reviews and tax (and foundations) will be a hassle free experience.