There are two ways to invest in properties: you can buy a property to rent it out, or buy a property to sell it on again for a profit. At Andrew Wright & Co., we can help you plan for either of these situations.
As a property investor, there are a number of key issues to consider, which we can help with.
The experts here at Andrew Wright & Co. can assist you in minimising your liability to income tax on rents received; calculating the income tax due after having deducted any allowable expenses; and considering how the latest legislative changes may affect your finances.
We will review all the reliefs that you may be eligible for, such as those that enable landlords of residential dwellings to deduct the costs incurred from replacing furnishings, appliances and kitchenware in their property.
If you are looking to invest in a buy-to-let property and require sound and effective tax planning and advice, contact us today.