V P Associates, Chartered Tax Advisors & Chartered Certified Accountants East Grinstead, represent an authoritative source on most aspects of tax offer Capital Gains Tax &Buy-To-Let Property Tax advice and Consultancy services. With over 30 years of experience in the business of providing expert tax advice, V P Associates Chartered Tax Advisors offer valuable information to clients to help them save money and manage taxes better.
In today’s turbulent economic times spectacular capital gains in buy-to-let property and residential property prices have been witnessed in areas such as London, Surrey, Sussex and the South East of England, including the south coast towns of Brighton, Hove, Eastbourne, and Worthing. In such property hotspots around the country first-time property buyers are facing difficulties in affording a property and as a result there has been an increase in the sales of buy-to-let property and residential property.
Owners of buy-to-let property or homes which have been rented during your ownership of it will be subjected to capital gains tax upon selling it. This tax must not be evaded or may not be avoided; it can certainly be planned for and mitigated, with a view to a much-reduced capital gains tax liability. It is strongly recommended that you seek professional, expert capital gains tax advice before the transaction in order to maximize the retention of capital gains and mitigate your exposure to capital gains tax. V P Associates, Chartered Tax Advisors & Chartered Certified Tax Accountants, equipped with tax expertise gained over the years dealing with HM Revenue and Customs in matters relating to capital gains help clients mitigate their CGT most favorably.
The HMRC is targeting in a recent campaign the Landlords who have not been declaring their:
- Buy-to-let property income
- income from letting of their home or part thereof
- gains from the buying and selling of buy-to-let property
V P Associates, Chartered Tax Advisors & Chartered Certified Accountants advise such landlords to make a voluntary declaration then be caught out by the HMRC, or risk facing high penalties because reduced tax penalty tariffs apply on the voluntary declaration. Landlords can request a confidential consultation with capital gains tax advisors on the related tax advice from V P Associates, Chartered Tax Advisors & Chartered Certified Accountants East Grinstead.
About V P Associates: V P Associates, Chartered Tax Advisors & Chartered Certified Accountants East Grinstead, are the first and foremost specialists in taxation matters. Visit their site for a comprehensive list of services including dealing with tax affairs and business accounts preparation for self-employed individuals, be it sole traders or in partnerships, self-assessment tax return preparation, limited company accounts preparation and corporation tax matters, tax planning for individuals and limited companies, VAT, IHT and succession planning and more at http://vpassociates.com/
Media Contact
Company Name: V P Associates
Phone: 0800 160 1500
City: East Grinstead
County: West Sussex RH19 3BT
Country: United Kingdom
Website: www.vpassociates.com