At Bloomfield’s we consider property & construction to be a specialised area of ours, we work with clients in property investment from small rentable portfolios to large property developments.
With residential property, you’ll be well aware of the complexities of property tax.
Firstly, rental income needs to be declared to HMRC and any tax owed must be paid. This is handled either through your annual personal income tax self-assessment return or, if your property is owned through a limited company, through your corporation tax return. We can look after all of this for you.
We’ll make you aware of the tax deductible expenses you can be claiming, The rules around what you can and can’t claim are constantly changing and aren’t always easy to understand – but we keep up with all the latest changes so you don’t have to.