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Importance of Having a Specialist Property Accountant


Sep 24, 2021

There has been a raft of changes to property tax legislation over the last few years, which has resulted in a very complex system when it comes to property taxes. This is not just for new landlords, but also existing landlords who are not fully aware of all the changes. 

According to Calculated Ltd, property tax specialists and accountants, changes to Stamp Duty Land Tax, Capital Gains Tax and Income Tax have introduced a very complicated tax system. Navigating the system to ensure businesses are being as tax efficient as possible isn’t any easy feat. 

Therefore, it is more important than ever to ensure that you have Property Tax Specialists and/or Accountants when it comes to your property business so that you are: 

  • Getting the most up to date advice based on current legislation 
  • Fully aware of all the expenses that you can claim 
  • Structuring your Property Business in a tax-efficient way 
  • With the Introduction of Making Tax Digital, ensuring you have the right software to be compliant 

At Calculated Ltd, not only are they qualified property and tax specialists, but many have their own property businesses, so are able to provide not just tax and accountancy advice. What’s more is that they can also see the impact of the advice from a commercial perspective, thus providing a more holistic approach when it comes to working with clients and their property businesses. 

Whether businesses are seeking one-off advice on their current property portfolio or how to structure their property business if you are starting out, Calculated Ltd can advise. Furthermore, with the introduction of Making Tax Digital in April 2023, for rental businesses with income over 10K, landlords will need to submit quarterly returns as well as an end of year return. It is therefore important that businesses have systems in place to make sure you are fully compliant.

Whilst accountants can help you save time and money, Calculated does just that but with added features. Their specialist advice and up to date systems ensure that business owners are not only paying the correct amount of tax but will take away the time-consuming stuff when it comes to record-keeping. Thus this means businesses can spend more time focusing on property businesses and ensure they are fully ready for Making Tax Digital in April 2023. 

Most of the clients working with Calculated Ltd run their property businesses alongside their existing jobs or businesses, we are therefore able to provide tax and accountancy services for many sectors including, Medical, Legal, Financial and IT.

So whether you run a property business as a traditional Buy to Let, Furnished Holiday Lets, Serviced Accommodation, Commercial or a mixture – they can assist with all tax and accountancy requirements, whether by a one-off consultation or becoming a client for ongoing advice, preparation of accounts and tax filing services. 

By Umarah