Boost Your Property Profits
Investing in UK property can be profitable, however understanding tax laws and choosing the right structure is essential. Specialized accountants can help property investors set up tax-efficient company structures and navigate complex tax regulations.
Setting Up Companies
Many investors choose to set up a company to hold property for benefits like:
Limited Liability: Protects personal assets.
Tax Efficiency: Corporation tax rates are often lower than personal tax rates.
Mortgage Flexibility: Companies may qualify for better lending terms.
Specialized accountants assist with setting up the right company structure and ensure compliance.
Key Property Taxes
Capital Gains Tax (CGT): Companies pay CGT at a lower rate than individuals.
Income Tax: Rental income is taxed at the company's rate, which may be lower than personal tax rates.
Stamp Duty: SDLT applies, but there are higher rates for buy-to-let properties.
Tax Deductions: Accountants help maximize allowable expenses to reduce taxable profits.
Inheritance Tax: Planning for IHT is crucial when passing down a property portfolio.
Conclusion
Specialized accountants help UK property investors optimize taxes and set up the best structures for long-term success. With expert guidance, you can maximize profits and ensure tax compliance while focusing on growing your property portfolio.