You are a landlord owning a buy-to-let residential property portfolio and you require a reliable firm to prepare lettings income statements for your properties and to file the necessary tax returns on time. These can include personal, partnership or corporation tax returns as well as ATED returns for properties held by “enveloped” structures such as companies. Non-resident landlords may have additional compliance requirements such as filing advance applications to have their rents paid gross without the deduction of withholding tax at source. In addition, overseas companies owning UK properties must be part of the Register of Overseas Entities and file annual statements.
We offer tax management of Buy-to-Let residential portfolios, property tax return preparation, Register of Overseas Entities: filing of annual “update” statements for non-UK companies owning UK residential property; ATED tax returns & liasion with letting agents, bills & paperwork forwarding. VAT registration/option to tax for commercial properties.
RKG Consulting’s property tax services are aimed at assisting the following categories of clients in tax planning, tax compliance and tax management:
- Private clients and high net worth individuals purchasing UK property.
- UK-resident and non-resident Buy-To-Let landlords and their companies.
- Estate agents, property management & letting agents and other property professionals.
- Solicitors, trustees, accountants and fiduciaries.
Our property tax services include:
- Preparation of annual lettings accounts for individuals and corporate landlords (including offshore companies).
- Register of Overseas Entities: we are ROE “agents” and can file update annual statements at Companies House for non-UK entities owning UK residential property.
- Full book-keeping services for maintaining records of property income and expenses for small to large property portfolios, including VAT return preparation and management for commercial property.
- Annual Tax on Enveloped Dwellings (ATED): preparation of ATED returns for high-value residential property held via companies.
- Preparation of UK property rental income Tax Returns: both personal and for companies.
- Non-Resident Landlords scheme: applications NRL1/NRL2 to obtain clearance for landlords to receive rents without deduction of UK tax.
- Assistance in dealing with HM Revenue and Customs enquiries, investigations and tax disputes resolution.
- Provision of UK registered office, company secretarial and mail forwarding facilities.
- Formation and administration of UK companies for property acquisition.
- Stamp Duty Land Tax (SDLT) services.
- Paperwork management: collection of utility bills from properties and arranging payment.
- Property loans: arranging mortgages and loans for acquisition of property via our bank contacts.
- VAT TOGC / “option to tax” registration: for acquiring commercial property without having to pay VAT to the seller.