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Do you think you are paying too much tax on your rental properties?

If so, you’ve likely been impacted by the raft of legislative changes affecting landlords over recent years and are increasingly feeling the financial squeeze as a result.

 

Government legislation has increased ‘red tape’ and workload for landlords, with large fines introduced for those failing to abide by regulations. To add further pressure, the removal of reliefs such as ‘wear and tear’ and ‘section 24 – mortgage interest relief’ are now fully in place, so post tax rental profits have been significantly reduced as a result of effectively being taxed on notional profits. As a result, it is getting harder to obtain buy to let mortgages where the interest, fees and loan to value ratio are needing to be more commercially viable. All this at a time when the equity being required from the borrowers is at an all-time high.

Additionally, it is not just UK resident landlords that need assistance because overseas landlords are also now impacted by the capital gains tax changes.

 

If any of the following apply to you, we can help. Contact us to find out what your options are:

  • Have three or more rental properties;
  • Want to simplify the operation and administration of your business
  • Want the peace of mind afforded by limited liability
  • Want to consider introducing future generations to the business
  • Want to open up your options regarding financing your portfolio
  • Want to effectively accelerate the growth and expansion of your portfolio
  • Want to understand all of your options to make an informed choice
Speak to one of the directors

or call us on 020 8863 4566

London & Counties, a nationwide supplier of office products, changed to Charterhouse Accountants 3 years ago and immediately noticed the difference in the service levels and attention to detail we received from them. They take an active year round interest in our business with timely reminders where required and their knowledge of HMRC rules and the allowances that can be taken advantage of are amazing. We would have no hesitation in recommending them to start ups or larger corporations alike whether based in the UK or abroad. Paul Milbourn Managing Director - London & Counties Office Supplies Ltd. I have been a client with Charterhouse for 15 years. In this time I have always received excellent service. The team at Charterhouse are always suggesting new ideas which suit my business and as a result of this I have benefitted from their innovative tax planning. If ever I have a query or concern it is dealt with quickly and efficiently either by the Partner in charge of my affairs or one of the excellent team of staff.
I have no reservations in recommending Charterhouse to anyone who asked. Sammi Bazini Direct Supplies Limited I’ve been using the company for nearly forty years and whether its straightforward accountancy work or complex tax planning advice I can only praise and highly recommend. There are certain business ventures that I have undertaken that would not have been successful without Charterhouse’s valued advice and input. Steve Soper Sopersport Limited I have been a client since November 2009 (I think). I am so glad that I switched to Charterhouse as I find the service to be exceptional. Micky Ackenson the partner in charge of my affairs is very responsive alongside the team that help with payroll, VAT and any other general enquiries. The main thing that I find is that nothing is ever a problem. If you don’t know the answer to something then it is researched and a qualified answer provided in a very short time frame. I feel that I am also always kept up to date about the best ways to manage my business which is one of the main reasons that I made the switch. I would have no hesitation to recommend Charterhouse and have actually done so already. Natalie Heilling Research Partners Charterhouse are my Accountants, supporting my IT and Networking Company for the past 4 years. They produce and submit my quarterly VAT returns and my annual accounts by accessing my Accounting software directly. They are very professional, trustworthy and reliable with prompt replies to any questions I ask. They also provide my payroll needs on an annual basis and file all returns. If you need peace of mind and reliable control, look no further! Kevin Williams KJW Limited What our clients say “ “