Property accounting for investment property
Let’s face it: in a world where you can buy and sell property across the globe if you so wish, keeping up with all the competitive tax regimes and regulations can be difficult. And of course, UK property tax can be as complicated as any other. This is where Garton Jones comes in: not only do we offer a range of incredible luxury apartments for sale and rent, we’re also here to ensure you’re informed by the best property accounting experts there are. This is why we’ve teamed up with property tax specialists B.D. Accountants Limited, an independent firm of chartered certified accountants in London helping UK as well as international property investors.
After all, there are a whole load of things to consider when renting out an apartment in the UK to tenants – especially if you’re not living in the country. First of all, you should register yourself as a Non-Resident Landlord with HMRC, preferably online; so we have all of the necessary documentation from the tax office. Unless you have permission from HMRC, we are legally obliged to deduct tax at 20 percent, as per the Finance Act, 1995. Here at Garton Jones, we pride ourselves on conducting our affairs with the upmost of professionalism and use the best property accountants in the business, to make sure our clients get a top service. Therefore we’re more than happy to recommend B.D. Accountants, who successfully look after so many of our landlords, giving them up-to-date tax advice.
We always judge our partners by their track records; we’ve worked so closely with B.D. Accountants for many years so can verify that they are highly skilled and knowledgeable in their chosen field. They’ve helped us build trust with our overseas clients, who are looking to get value for money when they invest in property and to keep in the loop when it comes to UK property tax and their tax returns. From helping you with your returns on your UK investments and keeping you updated as to the complex webs of tax laws, such as capital gains, stamp duty and other rules and regulations; our property tax accountant Bryan Downs, is always on-hand to help. After all, in order to know how well you’re doing when it comes to your UK-based investments, it’s important to get regular updates of rental yields and capital growth and keep on top of your rental property tax so all your accounts are in order.
You can contact our accountants for an initial free consultation in our shiny new offices at 9 Albert Embankment in Central London. At the consultation, you can discuss the best way to move forward based on your investments and get tips you require on all the necessary regulations related to Non-Resident Landlords. For a top-quality, professional chartered certified accountants service in London, why not give us a call, or email: firstname.lastname@example.org.
Garton Jones is proud of supplying excellent services to clients both at home and overseas. From our point of view, communication is vital, and our complementary services make sure you have peace of mind when it comes to keeping your property safe and knowing you’re on the right side of the taxman! Our property accountants will do everything they can to make you feel ‘at home’ and keep you one step ahead of developments along the way.
In Partnership with Garton Jones
Articles you may find of interest:
- WHY ASIANS ARE FLOCKING TO BUY LONDON PROPERTY
- WHY THE UK PROPERTY TAX REGIME IS ATTRACTIVE TO FOREIGN BUYERS