From your first buy-to-let to a growing portfolio, we help you keep more of your rental income and plan every purchase and sale with the tax in mind. We work with seasoned investors and first-time landlords alike.
As property tax accountants, we see how mortgage interest relief limits, capital gains on sales, stamp duty surcharges and Making Tax Digital for landlords all change what you keep. The right structure, set up early, can make a big difference over the life of a portfolio.
Rental income accounts and self assessment tax returns
Allowable expenses, so you claim everything you're entitled to
Making Tax Digital quarterly updates for landlords
Capital gains tax on property sales, including the 60-day reporting deadline
Personal ownership or a limited company: modelling which suits your plans
Setting up and running property companies, including accounts and corporation tax
Planning purchases, refinancing and sales with the tax in mind
Working alongside our property tax specialist partner on complex portfolios
It depends on your income, your plans and whether you need the rental income now. We'll model both options for you before you buy.
If your rental and self-employed income together are above the threshold, yes. We'll check whether it applies to you and handle the quarterly updates.
Yes. Capital gains on residential property usually need reporting and paying within 60 days of completion, so get in touch as soon as you can.
If you let out property, you must report your rental income to HMRC, usually through self assessment. A landlord accountant makes sure you claim every allowable expense, meet Making Tax Digital rules and plan any sale with capital gains tax in mind.
Costs such as letting agent fees, repairs and maintenance, insurance, ground rent, service charges and accountancy fees. Mortgage interest for individual landlords is no longer deducted as an expense; instead you get a basic rate tax credit. We'll make sure everything is claimed correctly.
Friendly, very knowledgeable and so helpful. They take the hassle completely out of accounts and book keeping. We are a small business and it’s made such a difference to our peace of mind. Would not hesitate to recommend
Having had issues with accountants this year, I recently made the change over to work with West Yorkshire Accountancy, and what a decision I made! They’ve been nothing but helpful throughout the months they’ve handled my finances, I’d recommend these guys to anybody who’s serious about their finances.
Absolutely World class service, been using WYAS for years now, they always go and above beyond for their clients. Best firm in Huddersfield by a long way.
Book a free consultation, or email us at admin@wyas.co.uk.