Rental

Residential Lettings have increased in popularity due to lower interest rates and increasing house prices. This income is taxable and needs to be declared, even if no apparent profit from letting is made.

There are many allowances and reliefs available to minimise the potential tax liability. Our tax specialists are on hand to advise on the use of trusts , property companies and property co-ownership.

Ideally, this advice needs to be acted on in advance of property investment to be tax efficient. Contact Aurora accountants now to arrange a property investment review.

Commercial lettings are subject to different tax rules and consequently tax planning needs to reflect statutory considerations such as VAT as well as long term intentions of the owner of the property.