TRUSTED AND RELIABLE PROPERTY TAX ADVICE

Property advice at its very best

Property can be complicated. Our Property Tax Experts are here to navigate you through the rules and regulations and get your affairs structured properly.

YOUR PROPERTY ASSETS

The tax implications of investing in buy-to-let properties are complicated. At Haggards Crowther, we look after a number of experienced investors who need on- going advice regarding their property assets/ portfolio in addition to the annual tax return compliance. We also help those who are new to investing in property and need guidance on the tax implications.

MINIMISING YOUR TAX LIABILITY

Many of the expenses you incur in managing the property can be offset against the income in calculating the profit, and Haggards Crowther can help you through the maze of allowances to ensure that the profit is correctly calculated and disclosed on your tax return.

In some cases, a property will make a loss in the year. If this is the case, it is still worth disclosing the loss in your tax return as it can be carried forward to future years and offset against future profits, thereby reducing a future tax liability.

SKILLS COVERING MANY AREAS

How to finance a property purchase tax efficiently.

The tax implications of renting furnished on unfurnished, and the rules HM Revenue & Customs ("HMRC") has for assessing whether a property is furnished.

How HMRC will view the cost of any planned improvements to the property.

If you are able to take residence in the property before you let it out.

WE CAN ALSO ASSIST IN STRATEGIC DECISION MAKING

Any tax efficiency that can be derived from co-ownership with your spouse.
What tax you should expect to pay when you are considering selling the property. Whether HMRC is likely to consider your property portfolio to be a business rather than an investment, and the different rules that apply.
Circumstances under which there may be tax to pay on the sale of your home.

MAKING YOUR LIFE EASIER

If you have a managing agent, we can arrange to speak to them to discuss your property and establish a line of communication. As a result, we will be able to liaise directly with them, collecting the monthly statements we need for your tax return - one less thing for you to worry about at tax return time.

"I called Peter Crowther with a simple query over six years ago after my mother passed away and was extremely impressed with the way my concerns were managed. Peter’s knowledge of inheritance tax matters was second to none. Six years on, I am still with Haggards Crowther and cannot recommend them more, a delightful team."

Mr Sinnott, SW15