September 20th, 2013

Tax Help For Landlords

On 20 September 2013 HMRC announced a crackdown on buy-to-let landlords.  According to their figures 1.5 million residential property landlords are underpaying £500 million in tax.  As usual, the message from HMRC is “…it is better to come to us before we come to you.” For a period of time HMRC have agreed to be much more lenient with those who come forward to get their tax situation sorted out.

If you have a rental property that you haven’t been declaring to HMRC then the position is very simple –  use this opportunity to get your affairs up to date or risk much higher penalties in the future if you don’t.

At Jonathan Ford & Co we have an in-house property tax specialist who can deal with bringing everything up to date and keep your tax bill and penalties to a minimum.

To get started you can contact us on 0151 426 4512 or email jmansley@jonathanford.co.uk

We’ve also produced a brilliant guide – 5 Essential Non-Tax Tips for Landlords – which you can download for free.  Just complete the form below.

 

 

 

 

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Landlords

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Director

John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys keeping fit and is a Liverpool FC season ticket holder.

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