In recent years, the stock market has had its ups and downs, the public are losing confidence in pension funds as a means of saving for the future and investors are increasingly looking at the UK property market. Buy to let has proved over the long-term to be a very successful investment, this involves investing in property with the expectation of capital growth with the rental income from tenants covering the mortgage costs and any outgoings.
You may be aware that recently HM Revenue & Customs have announced and implemented many changes to legislation making owning Buy-To-Let properties less profitable and generally more difficult to operate.
We feel that we can use our extensive knowledge and expertise to assist you in, not only understanding the rules and how the changing landscape impacts your business but also help you to be more profitable by utilising all taxation efficiencies and ensuring your business structure is set up to withstand increased legislative burdens.
Under the old regime, you would only pay income tax on your net rental income, or profits. In other words, you'd first deduct the interest from the mortgage on your rental property, as well as any other expenses incurred throughout the year.
Albert Goodman is a leading, proactive firm of accountants. We are always looking for ways we can improve the service we offer companies and individuals, and that’s why we took the decision to launch our very own App.
Somerset County Cricket Club are delighted to announce another year of outstanding financial
results. 2013 saw the Club record a pre-tax trading surplus of £468,703 which exceeds the record
results achieved in the previous year.