Rental income, Section 24, capital gains planning and structure advice for residential and commercial landlords — from a single property to a substantial portfolio.
Property taxation has become significantly more complex over the past decade. The phased restriction of mortgage interest relief under Section 24, changes to capital gains tax on property disposals, and the evolving landscape around incorporation have all made it harder for landlords to know whether their tax affairs are structured as efficiently as they could be.
We work with landlords across North Yorkshire at every scale — from individuals with one or two buy-to-let properties through to those with larger portfolios. Whether you're a long-standing landlord reviewing your structure, or someone who's recently come into property, we make sure you're not paying more tax than you need to.
Property taxation touches several different areas of tax law. Getting joined-up advice across all of them is where we add the most value.
Annual self assessment returns covering all rental income, allowable expenses, mortgage interest, repairs and agent fees — prepared accurately and filed on time.
We assess the impact of mortgage interest restriction on your tax position and work through the options — from restructuring finances to reviewing portfolio ownership.
Since April 2020, landlords must report and pay CGT on residential property disposals within 60 days of completion — a deadline that still catches many people out. We manage the return and payment on your behalf.
Where a property is jointly owned by a married couple, income is normally split equally. A Form 17 declaration allows the split to reflect actual beneficial ownership — which can significantly reduce the combined tax bill where incomes differ.
Capital allowances on fixtures, fittings and equipment in commercial property and qualifying furnished lettings — an area often overlooked but potentially worth a significant tax saving.
Operating through a limited company can reduce the impact of Section 24 — but the decision involves significant trade-offs. Transferring personally held properties triggers stamp duty and potentially capital gains tax on the transfer itself. Mortgage availability is more restricted and rates are generally higher for limited company portfolios. And extracting profit involves further tax at dividend or salary rates. We work through the numbers for your specific situation — the right answer depends on your income level, portfolio size, mortgage position and long-term plans.
Repairs and maintenance, management fees, insurance, ground rent, service charges — we make sure all legitimate expenses are correctly claimed and nothing is overlooked.
MTD for Income Tax is now in force for landlords above the income threshold, with further thresholds coming. We manage the transition and ongoing compliance — including setting up Xero or managing the reporting on your behalf if you'd prefer not to be involved in the software side.
We don't just file what's happened — we flag what's coming. Whether it's an upcoming disposal, a refinancing decision, or a change in your circumstances, we make sure you're thinking about the tax implications in advance.
Property taxation crosses income tax, capital gains tax and sometimes inheritance tax. We look at your position as a whole rather than treating each return in isolation.
We work with landlords at all scales. Whether you have one property or a substantial portfolio, the advice is grounded in real experience of how property taxation works in practice.
Free initial consultation, no obligation. We work with landlords across Pickering, York, Malton and North Yorkshire.