Property

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Property businesses are becoming an increasingly used method of investing personal wealth in order to generate an income. However, with tax rules ever changing the structure in which your money is invested is becoming more and more important. It’s not always easy to change structure, but sometimes a small amount of tax payable now, could save you considerably more in the future.  

We would recommend that you maintain regular communication with your accountant if you are considering investing further, gifting, selling properties, or making any changes to your portfolio. Likewise, if your property transactions change nature, for example, rather than buy-to-lets, you are moving to Holiday Rentals, we would wish to discuss this with you as there can be some significant indirect tax hurdles to overcome.  

At Norfolk Accountants we can deal with all aspects of your property business from book-keeping and VAT preparation, payroll including pension enrolment, through to annual accounts and Tax Returns (whether sole trader, partnership, or corporate, or a combination of all three), a well as business structure and succession planning.