Property Tax Accountants
There is a lot going on for property tax accountants at the moment. Clause 24 has major ramifications for property investors who hold residential property in their personal names. You can find explanatory notes on clause 24 on the HM Treasury website.
The Finance Equation can help you navigate through the complexity to find the best solution for your specific needs. What’s clear is that you have to crunch the numbers. So that you get to grips with the consequences of clause 24 on your specific circumstances. We can help do this for you. And then recommend tailored solutions that will reduce the impact of Clause 24. There are legal ways that are supported by case law and statute.
There are numerous other tax considerations when it comes to property. If you are a property developer then reducing you VAT payable on development costs reduces your cash outgoing by as much as 12.5%.
If you are nearing retirement age and have equity in your property portfolio over £650k – you should seriously look at inheritance tax planning. In addition having a will can help avoid HMRC taking your hard earnt money. Capital Gains Tax can be a serious consideration for those looking to sell property. Income tax for those looking to hold property for income purposes.
How we can help you
At the Finance Equation we are passionate about helping our clients keep more of their money. If you are worried about your overall tax position our tax experts can definitely help you. We recognise that tax is a cost just like any other business cost. We will use every legal option to reduce your overall tax liability. This will help you improve your cash flow. It will also improve your return on investment. We focus on supporting property owners in the London and Essex regions.
Contact our property tax accountants using the link below for a FREE consultation.