Rental Accounts

People who choose to own property as an investment need to consider the Income Tax, Capital Gains Tax, and possible Inheritance Tax consequences of owning more than one property.

It is necessary every year to inform HMRC of your rental income and associated expenses. At Cripps Dransfield we can ensure that you claim the full range of expenses to which you are entitled, and thus avoid paying more tax than is necessary.

We also offer detailed advice on all aspects of property investment and the tax implications, including completion of rental accounts and self-assessment tax return, calculation of your UK tax liabilities, the identification of tax-saving opportunities and liaising with HM Revenue & Customs, on your behalf. We can also provide expert advice on Capital Gains Tax, should you decide to sell your property .