Attention Landlords!!
If you have a rental property you must complete a self assessment tax form even if there is no tax to pay.
The deadline for submitting your returns is fast approaching 31st January 2013 and the only way to do this is online. The registration process to use the on-line system can take up to 28 days so time is running out! The penalty for not submitting a return is £100.00
Now is the time to look at the structure of your properties, are they taking full advantage of any tax allowances? There is a common misconception that mortgage companies expect ownership to be 50 / 50. This is not always the case and it may be advisable to change ownership ratio’s to benefit from any allowances available.
With this in mind Belvoir Lettings are running 2 days of workshops and discussion groups covering the following topics:
Property Ownership and income tax
Property Investor Wealth Management
Investing for pensions
Exit Strategies
Capital Gains Tax
Tax for Overseas Landlords
These will be available on Thursday 22nd November and Saturday 24th November and are Free
Please call 01664 569700 to register your interest or email charlotte.baker@belvoirlettings.com
