Property accountants to tackle your end-of-year income tax with ease
Generally, any income you earn renting out residential or commercial property will be liable for income tax. That includes any income made from renting out a property as a holiday let or Airbnb, short-term rental agreements and income from a private boarder or flatmates in your own home. You will need to file a tax return and account for the earnings and and expenses involved. It's important to get good advice about how to structure your earnings to take advantage of any tax savings available.
We can prepare the required property accounts and offer expert advice. For example, if you've borrowed money to invest in your property, you may get tax deductions for certain types of debt - so the kind of loan you have is important. We can help you do what works best for the return on your investment.