Being a landlord in Luton used to be simple. You bought a property, rented it out, and declared the income. Today, it’s a different story. With Section 24 restricting mortgage interest relief, constant changes to Capital Gains Tax, and the upcoming Making Tax Digital for landlords, property tax has become a minefield.
At Taxwise Accountancy, we help you navigate these changes. Whether you rent out a student house near the University of Bedfordshire, a commuter flat near Luton station, own a buy to let property or manage a large portfolio, we ensure you stay compliant and tax-efficient.
We understand that every property business is structured differently. We provide tailored support for
More landlords are moving to a Special Purpose Vehicle (SPV) structure to combat high tax rates. If you hold property in a Limited Company, we handle the full scope of corporate reporting, ensuring you extract profits in the most tax-efficient way possible (usually a mix of salary and dividends).
If you own buy-to-let property in your own name, we handle your Self Assessment. We ensure you are claiming every allowable expense—from letting agent fees to replacement furniture—to keep your income tax bill accurate.
Owning property with a spouse or business partner adds a layer of complexity. We help you manage the split of income correctly, advising on tools like Form 17 to ensure the rental profit is allocated in the most tax-efficient way between owners.
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