First-time landlords in Croydon
If you receive income from renting a property in Croydon, you might be subject to paying tax. Also, you have to declare your income and gains every year to HMRC, where rent is also considered a gain. Having clarity about property taxes helps you to maintain your property portfolio well. Hiring an accountant would be better than getting stuck in UK property tax.
Our certified property tax accountants will help you with the preparation of rental accounts and tax returns. Our services are designed specifically for UK landlords or individual property owners. dns can help you to become aware of the areas where you can save taxes and make your business more tax efficient.
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First-time landlords in Croydon
Buy-to-let landlords in Croydon
Property investors in Croydon
Our specialist property tax accountants in Croydon offer a full range of services for all your accountancy, tax, and landlord needs.
We have a range of specialist landlord accounting packages for you to choose from. Find out more about property tax accountants
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Read our latest property blogs and be updated with the UK property market.
23 Jan, 2024
Property in the UK has always been seen as an attractive investment and there is a strong home-grown market of property owners and landlords, as well as significant international investment from UK non-residents.
Read more30 Apr 2023
Value Added Tax (VAT) is a key area that landlords of both residential property and commercial property in the UK need to understand.
Read more17 Aug, 2023
HM Revenue and Customs (HMRC) has increased its focus on undeclared income tax from buy-to-let landlords, with an 83% rise in cases during the 2022/23 tax year.
Read moreIf you are involved in buying, selling, renting out, investing in or maintaining property in the UK, you’ll need to be aware of many tax rules, legislation and regulations and taxes that will affect you and your business. A specialist property tax adviser will understand how different taxes interact and will be able to give you the best property tax advice possible as they will be up to date on all the latest rules and regulations. Here at dns accountants, we have specialist property accountants and property tax advisers within our team and our company is headed by Sumit Agarwal who himself is a renowned and respected property investor and developer.
Dealing with HMRC can be difficult and with so many taxes to consider, working out how much tax you need to pay and when is complex. Our specialist tax advisors will be able to tell you exactly how much tax you will need to pay, whether it's income tax, capital gains tax, stamp duty land tax, corporation tax, capital allowances or national insurance. We will be there to help you to avoid penalties, save tax and pay the right amount of tax.
The simple answer is yes! Find out more about how HMRC can trace rental income here.
It is important as a landlord that you declare rental income to HMRC. Failure to do so can lead to hefty penalties. Read our blog about undeclared rental income here.
Whilst there may not be a way to avoid Capital Gains Tax on buy to let property sales, there are certainly ways to reduce your Capital Gains Tax liability using the CGT tax free allowance, reliefs and deducting expenses such as property improvement costs. Find out more here.
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