Residential Property Letting

If you are a residential landlord, or looking to become a residential landlord, you’ll want to be sure that you’re getting the most from your investment.

TO HELP YOU DO THIS, OUR SPECIALISTS CAN ADVISE ON:

  • How tax is calculated and when it is due
  • The tax reliefs and allowances you can benefit from
  • The Tenancy Deposit Scheme
  • Furnished Holiday Lettings
  • Capital Gains Tax (CGT)
  • Replacement of Domestic Items Relief
  • Tenancy Deposit Scheme
  • Rent a room rules
  • Sale of part of a garden
  • Letting relief

WE OFFER A RANGE OF SERVICES FOR RESIDENTIAL LANDLORDS, INCLUDING:

  • Dealing with HMRC notification and all relevant forms on commencement of letting
  • Preparing an annual lettings account
  • Submitting the account with your tax return to HMRC and, if appropriate, agree the tax liability
  • Taking advantage of any tax-saving opportunities
  • Advising on payment of any liability
  • For non-resident landlords:
    • Preparing any additional forms/claims to UK allowances
    • Preparing any application for exemption from tax deduction scheming and liaising with you managing agent to avoid or minimise retention of tax from your net income
  • Advising on non-resident landlord tax impications

For further advice, please contact us.

Download our free guide…

We have prepared a FREE to download guide which aims to guide you through the potential tax minefield, so that you can maximise your property portfolio’s yield and your return on investment.

Gordon Pearce

"All my dealings with McGills have been high quality and professional."

Gordon Pearce

McGills Chartered Accountants
2022-11-03T13:13:22+00:00

Gordon Pearce

"All my dealings with McGills have been high quality and professional."

Kirsty Wills-Mace

"Thank you ever so much for your hard work and commitment to support our circumstances. We have been very happy with the service you and your team have provided."

Kirsty Wills-Mace

McGills Chartered Accountants
2022-11-03T13:12:57+00:00

Kirsty Wills-Mace

"Thank you ever so much for your hard work and commitment to support our circumstances. We have been very happy with the service you and your team have provided."

Paul Service

"They are always there when we need them, they never say no when I give them a quick call to check something and they answer questions by email quickly and efficiently."

Paul Service

McGills Chartered Accountants
2022-11-03T13:13:49+00:00

Paul Service

"They are always there when we need them, they never say no when I give them a quick call to check something and they answer questions by email quickly and efficiently."

Contact our team

Autumn Statement 2023

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Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US
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