Tax advice for landlords / Property developersAt dns tax, our property tax specialists can provide comprehensive advice for those who are investing in property or advising property investors like solicitors, estate agents and other professionals. Our proactive and constructive advice will help you to build your property business and be tax efficient.
Stamp duty land tax (SDLT) advice
SDLT is a complex area with more than 49 reliefs and exemptions. Our team of experts specialised in SDLT is dedicated to assisting you in accurately assessing the SDLT implications for specific transactions and identifying opportunities to minimise your exposure to the tax.
Additionally, we can offer a second opinion to determine if you may have overpaid SDLT and support you in the reclamation process to potentially recover any excess payments.
Furthermore, we are well-equipped to assist you in managing open enquiries with HM Revenue and Customs (HMRC) related to SDLT, providing guidance and representation throughout the process.
Inheritance tax planning
As a landlord you have worked very hard to build your wealth, but it won’t surprising for you to know that HMRC will take away a substantial proportion (40%) of your estate when the assets are passed to your next generation - in the form of Inheritance Tax (IHT)
As Inheritance experts, our dedicated team collaborates closely with individuals and their advisors who are seeking to preserve the highest possible value of their estate. With our extensive experience, we provide comprehensive guidance on all facets of inheritance tax planning, ensuring that you take advantage of every eligible relief available to you.
Our expert advice is tailored to each client's specific needs, recognising that every estate is unique. We design and optimise inheritance plans to benefit family members and beneficiaries across a diverse range of circumstances.
Capital gains tax planning
The tax landscape for landlords has become increasingly complex over the past few years and some of these changes have had wide ramifications. Therefore, it’s become important for landlords and property developers to take expert advice to ensure their property portfolio is held in the right structure - tax efficient and less administration hassle.
Whether you own commercial or residential properties, we are here to ensure that your investment is safeguarded and that you make the most out of your money. It's not just about having a collection of properties; it's about effectively managing all your responsibilities and taking advantage of all the benefits available to you, so that your wealth is well taken care of.
Our team of experts specialises in Property Tax and has more than 15 years of experience helping landlords and property developers save money through strategic tax planning like Family Investments Companies, Family Partnerships and hybrid structures. If you have a portfolio of properties and want to learn how we can assist you, please contact us.
Capital gains tax advice
If you are a landlord with a property in the UK and considering selling your property, we can provide you with tax advice and filing services. Our experts will work with you to compute the right amount of tax you owe to HMRC after ensuring all expenses, reliefs and exemptions have been claimed based on your circumstances.
If you have sold a residential property and there is capital gains tax to be paid, it is important to note that you must report the sale and pay the tax to HMRC within 60 days of completing the sale (prior to 27th October 2021, the deadline was 30 days).
We can assist you in ensuring that you meet this deadline and fulfill your tax obligations. Don't hesitate to contact us for guidance and support in managing your tax responsibilities related to the sale of rental properties in the UK.
Landlords who are letting out residential buy to let properties are exempt from VAT. If the property is let out as a furnished holiday let or serviced accommodation, the supply becomes standard rated. Similarly letting income from commercial property is exempt from VAT unless the property is opted to tax.
For property developers, the rules are more complex and depend on whether they are constructing new dwellings or offices, converting commercial property to residential, increasing the number of dwellings in a property or refurbishing the property. Based on the underlying supply, the VAT could be standard rated, zero-rated or reduced rated.
At dns, we help businesses effectively understand their VAT implications, advice on registration requirements and restructure their business to make it VAT efficient. In addition to providing comprehensive VAT advisory services, we support VAT compliance to anticipate and plan for the financial impact and cash flow implications of VAT.
Whether you're a new business seeking guidance on VAT registration, in need of advice regarding VAT planning, or facing a VAT investigation, our team is here to assist you.
Let property campaign disclosure
The Let Property Campaign is an initiative by HM Revenue and Customs (HMRC) that aims to encourage landlords who have undeclared rental income to voluntarily disclose their tax liabilities.
At dns, our tax team has extensive experience in assisting landlords with Let Property Campaign disclosures. We have successfully supported numerous landlords who have voluntarily chosen to make a disclosure after receiving a nudging letter from HM Revenue and Customs (HMRC).
If you have received a nudge letter or wish to proactively disclose your rental income under the Let Property Campaign, don't hesitate to reach out to us. We are here to support you every step of the way and ensure that your disclosure is handled with utmost care and expertise.