Tax is an increasingly complex area and it is essential
that landlords seek advice from a specialist taxation and accountancy
advisor. This will ensure a strategy is devised which best suits
your individual needs.
With buy-to-let investment on the increase, information about the
ever-changing tax issues facing property investors is scarce. The
tax system is extremely complex and it is imperative that landlords
comply with their reporting obligations, whilst at the same time
ensure they are paying the minimum amount of tax on their rental
profits.
Taxation Solutions believe the buy-to-let market will continue
to grow, as it is a route by which:
- Relatively secure capital gains can be made on eventual sale
- Favourable income returns can be generated throughout the period
of ownership
- The property finance is covered in repayment terms by the security
of the eventual sale proceeds of the property and in interest
terms by the rental income generated
There are, of course, many factors which can affect the returns
in both capital and income. But, on the basis that the investment
appears to make commercial sense, landlords need to be aware of
the tax issues facing them not only as property investors but also
as individuals with other businesses, careers and investments.
By providing landlord clients with a pro-active service, combined
with a partnership built on trust and understanding of your individual
business needs, we are confident that you will maximise rental returns
by minimising your tax liabilities.
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