First Choice Property Accounting
Set up your limited company, maximise returns, and stay compliant with expert support from property tax specialists
Limited Company Incorporation
Annual Accounts
Preparation
Accounts
Filings
Confirmation Statements
Corporation Tax
filing
Why Choose First Choice Property Accounting?
Receive a professional service tailored to your property accounting needs. Get expert support for all your accountancy queries, with access to specialist knowledge whenever you need it. Your dedicated account manager will provide reliable assistance, ensuring a seamless and personalised experience throughout.
Why do you need a property accountant?
Property accountants play a vital role in helping you manage your property investments. They ensure that your property’s income and expenses are properly documented and accounted for, essential for ensuring the financial integrity of your property investment. A property accountant’s insights can reveal information and that can aid in maximising your property investment’s long-term profitability.
The Benefits Of Using First Choice Accounting...
Ongoing Support
Maximised Investment Returns
Expert Investment & Financial Guidance
Accounting For Buy-To-Let Investors
For buy-to-let investors, accounting can help aid you in enhancing your property’s financial efficiency and profitability. Accountants for buy-to-let property investors can find ways to reduce your tax burden and improve cash flow, such as through a buy-to-let limited company.
Why Set Up A Buy-To-Let Limited Company?
- Tax efficiency – mortgage interest and other finance costs can be offset against rental profits.
- Lower tax – pay corporation tax rates instead of income tax rates.
- Simplified exit strategies – it is often easier to sell shares in a company than to sell the property itself.
- Dividend income – profits can be distributed to shareholders through dividends.
- Estate planning opportunities – strategic shareholding can help mitigate inheritance tax liabilities.
- Liability protection – the limited company is a separate legal entity, meaning personal assets are generally protected from business debts and liabilities.
- Potential for reinvestment – lower tax bills mean more retained profits within the company.
- Flexibility – more flexible for tax planning and saving.
Financial Comparison Case Study
Via Individual
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Rental Income - £12,000
-
Mortgage Interest - (6,000)
-
Allowable Expenses - (1,000)
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20% Mortgage Interest Tax Credit - 1,200
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Income Subject To Tax- £11,000
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Tax @ 40%- (4,400)
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Profit Retained- £1,800
Via SPV
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Rental Income - £12,000
-
Mortgage Interest - (6,600)
-
Allowable Expenses- (1,000)
-
100% Mortgage Interest Relief - (6,600)
-
Income Subject To Tax- 4,400
-
Corporation Tax @ 19%- (836)
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Profit Retained- £3,564
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