Rutton & Co have extensive experience in dealing with the many financial and taxation issues thrown up by rental properties, both commercial and residential. The tax rules in particular are a minefield in this area, both in terms of direct tax, capital taxes and VAT. One of our particular strengths is advice on property partnerships, where considerable flexibility in terms of tax optimisation can be achieved.
- Choice of business structure
It is rare that you will need a limited company for property ownership, but this can happen. More likely, we are looking at individuals, partnerships, or possibly trusts. The correct structure almost always saves tax. Property partnerships are something of a speciality. Please enquire further.
- How much tax am I paying? Understanding my tax bill
We will always make sure you understand what type of tax you are paying, and when, and why.
- Year end tax planning
All clients will be prompted towards the end of the tax year to consider the savings on offer by ordering your affairs in February and March, that is, before the end of the tax year, and before it’s too late!
- Annual compliance and accounts
Of course we do the basics of compliance for you, and often this is all the client sees or wants. But with all situations you will receive advice and tax planning, as part of a seamless process of accounts and tax return preparation.
- Ongoing advice (VAT, finance)
It is surprising how often life throws up situations or difficulties on indirect taxation and finances in general. Whatever the situation we are here to help!
- Capital tax advice (CET, IHT)
Inheritance tax is a long term concept. Advance planning now often saves thousands in the future. But the rules are not commonly met and not easy to understand. CGT is one of those taxes where everyone thinks they know the answer because it looks straightforward. As with inheritance tax, advance planning is essential to make sure that you qualify for all available exemptions and reliefs. We are here to help!
- How much will it cost?
Fee quotations in advance – no obligation.
- Am I claiming all my expenses?
Almost certainly not. The rules are complex. We are here to help!