|
Peria & Co |
|
|
|
Lettings Accounts
|
||||
|
Peria & Co Taxation is able to
offer detailed advice. Full disclosure must be made annually
to HM Revenue and Customs of your rental income and associated expenses. 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. (Without
an HM Revenue & Customs approved election your managing agents or tenants will be responsible for deducting tax at the
basic rate from your rents. The deductions that you are entitled to may not necessarily be taken into account and you could
end up paying too much tax) For
a confidential free initial consultation to discuss your particular requirements, please contact us on 01932 827091 or email us on info@peria.co.uk If
you are thinking of moving overseas, whether for a short-term employment contract or for the long-term, and intend to let
your home, Peria & Co can take care of all your tax planning and compliance needs at a competitive price. Below is a brief summary
of the service we can provide for non-resident landlords. Preparing for leaving the UK: q Optional meeting to discuss the services required, including
the preparation of HM Revenue & Customs letter of Authority. q Additional HM Revenue & Customs forms are required,
like: q We shall obtain the Inspector’s agreement to your
residence position, which will determine the extent of your UK tax exposure, and review your circumstances to highlight areas
where tax savings may be made. On an annual basis we shall: q Correspond with your letting agent to obtain details
of rent received together with expenses paid q Prepare the necessary sections of the UK self-assessment
tax Return Form. In all cases this will include the land and property module. Where the property is owned jointly, a tax return
will be needed for each owner. q Calculate your tax liability and agree this with the
Inspector of Taxes q Notify you of payments on account required by HM Revenue
& Customs and advise you if a reduction should be made Prior to your return to the UK we shall: q Complete a full review of your tax position and advise
you of any measures you need to take prior to your return to the UK to mitigate any potential tax liabilities Correspond with the Inspector of Taxes to ensure that you are provided with your
full entitlement of allowances on your return If you wish to know more about our Property Tax Compliance and Planning Services or would
like to arrange a free initial meeting to discuss in more detail how we can help you, please contact us on 01932 827091 or email us on info@peria.co.uk All non-resident landlord companies
(overseas companies that let property in the UK) will receive their own Self Assessment tax return. There are no supplementary
pages for this return.
|
|
|||
|
|
||||