As a Landlord its important to get good tax advice, with recent changes to legislation it is hard to keep up and understand the impact it will have on your Portfolio.
What is and is not permitted as a legitimate cost?
Does my partners income affect how much I pay?
I am planning to move overseas; do I still pay tax?
When I retire will I still have to pay tax?
When do I have to file a return?
When is the tax due?
All of these are important questions, many are specific to your individual circumstances, but a good Adviser will be able to answer them all.
A good Tax Advisor, will consider you situation and how it may change over time not the property in isolation, this ensure that you will not get caught out.
We deal with an excellent local business that will be able to advise on all aspects of your final position. Please contact us so that we can point you in the right direction.
