The last few budgets have drastically changed the landscape for landlords. Landlords now face an increasing amount of tax from the 3% surcharge on stamp duty to the restriction of interest for higher rate tax payers. It’s vital that your accountant understands these changes and can work with you to minimise any tax liabilities.
At Stepping Stones Accountancy we can help transition your rental business to a limited company through an LLP. This will enable you to retain your interest deduction and pay a lower rate of tax. This specialist tax planning will only be suitable for serial landlords and not those who only rent one property. To find out more about this service please get in touch with us.