Property Taxation

Property Letting

If an individual lets a property for other people to live in as their home,  the activity is treated as the individual running a business.  Therefore any income arising from this property letting business is  subject to income tax in the UK,  and if the property income reaches certain levels the individual will be required to calculate the tax liability through the self-assessment tax return process. 

Capital Gains

Property is the most popular asset that is liable for capital gains tax. If you sell the property that is not your main home for more than you bought it,  then it is possible that you will have to pay capital gains tax on any gains received.

Let Us Help

Brilliant Accountants has extensive experience solving property tax issues on behalf of various clients. Whether you let or sell property we can assist you with regards to all taxation matters associated with your case. 

Service Fees

The cost for preparation and submission of self assessment for property letting or property capital gains varies from £50 to £150

Course on DVD

You can learn how to complete self assessment online by going through our Self Assessment for Property Business Tax Course on DVD.