Moving home?

NEVER FEAR, WHEN THE TAXMAN IS HERE

June 21, 2017 10:21 am
< Back to blog

NEVER FEAR, WHEN THE TAXMAN IS HERE

 

NEVER FEAR, WHEN THE TAXMAN IS HERE

 

Renting out a property is a big commitment and requires a lot of attention. There is so much to take into consideration that you, as a Landlord, and your Tenant, will want to get it right the first time.

 

Perhaps the most complex aspects of owning your own property is the accounts side. That’s where Thornley Groves comes in.

 

Thornley Groves have a dedicated accounts team at your disposal and with just under 40 years worth of collective experience, you can guarantee there isn’t a query that you may have that one of our team won’t have experience in.

 

Renting your property is like any other business and, like other businesses, you need to be ready when ‘The Taxman’ comes knocking. Thornley Groves can help provide everything you need to help with your taxes, from monthly statements to what we call a ‘Period Statement’. This has a complete breakdown of your property’s income and expenses for the tax year.

 

For you Landlords who live abroad for more than six months in the year, the HMRC will class you as a ‘Non Resident Landlord’. Our accounts team can discuss with you what this means in relation to the taxes you pay and the tax you may be eligible to have deducted using an ‘NRL Tax Code’. We can advise you how you would find out if you’re eligible and, if you are, we can ensure our system and your income reflects this!

 

Helping you with your accounts is what we do best. So why spend hours going through boxes in the loft or garage getting statements for ‘The Taxman’, chasing Tenants for rent or putting together statements, when you can send us an email and we can do it all for you!

Request your free property valuation!

You’re on the way to obtaining a FREE, no obligation valuation for selling or renting your property

REQUEST YOUR VALUATION NOW – IT’S FAST, FREE AND EASY.

Start my valuation >