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Rental Income Accountancy

Rental Income Accountancy
Image courtesy of Stuart Miles at FreeDigitalPhotos.net.
We have seen a huge increase in the growth of the private rented sector and many people now own properties that they rent out. The income they obtain from these properties is taxable as well as any profit that is made when the property is sold. HMRC are taking a very active interest in this area as they believe many people are omitting to inform them of this income.

Recent budget changes to tax reliefs and tax rates applicable to private landlords are increasing the complexity of this sector.

We can advise in this area so that you have the peace of mind that your rental affairs are being dealt with properly and to help you minimize your tax liability for income tax and capital gains tax.