Property tax advice

Let our Property Tax Advisors optimise your property investments

Whether you are a landlord with just one or two rental properties, or a property investor with multiple investments, we know that there are many pulls on your time.

On top of keeping your tenants happy, as a property investor you will need to file self-assessment income tax returns detailing your rental income and expenses. Owning property can come with tax liabilities such as capital gains tax, inheritance tax and if your properties are held by a limited company, corporation tax. You may also need to manage payment of SDLT (Stamp Duty).

Being a busy landlord, you might not have the time or desire for the financial nitty-gritty of property management, so securing top-notch property tax advice is absolutely essential. Our property tax advice is provided by tax specialists who understand the intricacies of landlord’s property tax.

In a world where property market conditions can change rapidly, you can count on our insights to keep you on the right track. Our property tax service includes:

Property Tax Planning: As your property tax advisor, we can help you develop a tax-efficient strategy for your property investments. Identifying opportunities to minimise property tax liabilities and maximise tax relief deductions.

Tax Compliance: Tax laws and regulations are subject to change. Our advisors stay informed about these changes and can adjust your tax strategy accordingly. We will ensure that you are in compliance with all relevant property tax laws and regulations.

Assessment Appeals: If you believe your property has been overvalued or incorrectly assessed for tax purposes, our property tax advisors can help you navigate the appeals process to potentially lower your property tax bill.

Tax Credits and Incentives: Our property tax advisors are knowledgeable about tax credits and incentives that may be available to property owners. They can help you take advantage of these opportunities to reduce your tax burden.

Ownership Structure: Having the right property tax advice can help with creating an efficient ownership structure for your properties, whether it’s owning them personally, through a corporation, LLC, or other entity.

Transaction Planning: If you’re buying or selling property, our tax advisors can help you structure transactions in a way that minimises tax consequences and maximises your financial benefit.

Estate Planning: For those with substantial real estate holdings, Passman Leonard’s tax advisors can assist in estate planning to minimise estate taxes and ensure a smooth transfer of property to heirs.

Tax Audits: If you are audited by tax authorities, our property tax advisors can represent you and help ensure that the audit process is fair and that you comply with all tax regulations.

Property Valuation: Property tax advice can provide guidance on property valuation methods, which can be crucial for tax purposes, especially when it comes to assessing property tax.

Tax Forecasting: Advisors can help you anticipate future property tax obligations and plan your finances accordingly. By assisting you in creating and managing a property tax budget, helping you anticipate and plan for future tax liabilities.

Let Property Campaign Disclosures: The team at Passman Leonard can help with keeping your tax affairs up to date without HMRC prompting you to say ’we have information that you may not have declared the rental income and expenses for a property that is not your main home.’

For any individuals who may fall under this category, we can help by completing the Let Property Campaign Disclosure Facility.