{"id":1540,"date":"2024-03-08T07:01:17","date_gmt":"2024-03-08T07:01:17","guid":{"rendered":"https:\/\/abmoconsultancy.com\/?page_id=1540"},"modified":"2024-03-27T15:25:24","modified_gmt":"2024-03-27T15:25:24","slug":"landlords","status":"publish","type":"page","link":"https:\/\/abmoconsultancy.com\/index.php\/landlords\/","title":{"rendered":"Landlords"},"content":{"rendered":"\t\t
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Our Accountancy Service for Landlords \n<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We assist all type of Landlords.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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ABMO Accountants is a growing accountancy firm and we offer a great range of property tax advice specifically for landlords or those with second properties.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you receive rental income that exceeds your total expenses, allowances and reliefs, then you are required to pay tax on this income by submitting a tax return. If your rental property generates a loss, you may want to voluntarily disclose it because this allows you to make use of the loss in the future should the property turn profitable.<\/p>

Below are some common areas that ABMO Accountants can help you with your property affairs:<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Deciding on your main residence<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you do own and personally use more than one property in the UK, it is possible to make an election to nominate which property should be treated as your main residence for tax purposes. We can advise on the implications of making such an election, the qualifying conditions that must be met and help to decide if it would be beneficial for you depending on your personal circumstances. There are strict time limits for making this election, which has to be filed with HM Revenue & Customs, so it is important that advice is sought promptly.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Selling property<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you have\u00a0Capital Gains Tax\u00a0to pay, for example because you’ve sold or given away a holiday home or second property, you will need to complete a tax return. ABMO Accountants<\/strong> can advise you on any tax planning opportunities available, in order to minimize your Capital Gains Tax liability. We can also calculate your Capital Gains Tax liability and complete your tax return for you.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Rental Properties<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you rent out property you will pay income tax on the difference between the rents you have charged in a tax year, less any allowable expenses and charges. We can help you to make sure that you are claiming all of the expenses and reliefs you are entitled to.\u00a0<\/p>

Knowing what maintenance and repairs can be deducted can be tricky, because there are a number of different methods that can be used depending on your circumstances. We can discuss your options with you and make sure that you make the right choice; to optimise your tax position and fit your needs. We can also make sure that you are claiming all of the finance costs for any loans or mortgages you have on your properties, as again, this can be a complicated area and taxpayers can miss out on valuable tax relief.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Furnished holiday Lets<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Significant changes were made to the treatment of\u00a0Furnished Holiday Lets\u00a0for tax purposes. The conditions in order to qualify for such treatment are now more stringent and the benefits have been reduced, but we can advise you on the qualifying conditions and the implications that such status entails for your properties.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Letting rooms in your home<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you let rooms in your own house, you may not pay tax if the total rents charged are under \u00a37,500 per tax year. But there are conditions in order to apply this exemption and we can discuss with you.<\/p>

We can provide you with advice regarding all tax aspects of buying, selling and letting property. We have only included a few areas for you to consider on this web page. If you are about to invest in, dispose of, or let property do give us a call.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Join us in three easy steps<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tGet In Touch \t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tArrange a free consultation in person or via video with your local accountant. It\u2019s an informal chat to get to know you and find out more about the help you are looking for.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tChat to an expert\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tWe clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tSwitching is easy\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\tChanging accountants is easier than you might think. Small or Medium leave to us, there are no tax implications, and you can switch at any time in the year and our team will guide you through the process for a smooth transition.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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See how ABMO Consultancy can help you
with a free, no obligation consultation.\n\n<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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+44 (0) 7917698460<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Why Choose Us<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Tax Efficiency Reviews<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Transparent Pricing<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Friendly Reminders<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Expert Advice<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Client Testimonials<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n Smart Bedrooms and Closets Ltd<\/span>\n \"Amandeep is very thoughtful, consider how you want things done, and find good tax solutions.<\/span>\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\n
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\n THS Supplies Ltd<\/span>\n \"Highly recommends Aman for anyone seeking a reliable Taxation Services In UK ery thoughtful, consider how you want things done, and find good tax solutions.<\/span>\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\n
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\n Momi Deco Ltd<\/span>\n \"Performance has been consistent over our 5 years of working together.\"<\/span>\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\n
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\n Heathrow Building Supplies Ltd<\/span>\n Expert accounting services with attention to detail. Highly recommend!<\/span>\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\n
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\n Gov Bhalla Management Consultant<\/span>\n I moved over to ABMO at the end of 2023 and I'll never look back. Not only have they helped fix countless errors made by previous accountants, they provide that personal touch which means I'm always informed on progress as well as being proactively told when I need to action certain things.<\/span>\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\n
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\n Amol Khullar Director<\/span>\n Highly recommended. We have had a good few years with this company now. They are very efficient and professional. We have grown successfully with the help of Abmo. The services and advice received is always helpful and has assisted in our growth today<\/span>\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\n
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\n Beechy NarulaRetail Consultant<\/span>\n Aman is an approachable, personable and professional accountant and business owner whom I can highly recommend. Aman\u2019s been handling my tax affairs for many years and he is positive, quick, efficient and helpful. Will certainly continue to use his services.<\/span>\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\n <\/div>\n
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Our Accountancy Service for Landlords We assist all type of Landlords. ABMO Accountants is a growing accountancy firm and we offer a great range of property tax advice specifically for landlords or those with second properties. If you receive rental income that exceeds your total expenses, allowances and reliefs, then you are required to pay […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages\/1540"}],"collection":[{"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/comments?post=1540"}],"version-history":[{"count":22,"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages\/1540\/revisions"}],"predecessor-version":[{"id":2185,"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages\/1540\/revisions\/2185"}],"wp:attachment":[{"href":"https:\/\/abmoconsultancy.com\/index.php\/wp-json\/wp\/v2\/media?parent=1540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}