RITA4RENT
RITA (Rental Income Tax Advisors), as part of the Holdings group of companies, have been trading for over 25 years. As specialists in landlord and property taxation, they are very well placed to advise you on your tax position.
As well as offering their popular year-round landlord tax return service, they also provide one-off consultancy, assisting with the typical issues faced by landlords, such as:
"How can I minimise my capital gains tax on sale?"
"Am I claiming all the expenses I am entitled to?"
"Should I hold my property in a company?"
"Am I a property investor or a property trader?"
"Do I need to consider VAT?"
"How can I benefit from my lower earning spouse/property partner?"
"What is the effect of remortgaging to fund further purchases?"
"How can I mitigate the 40% tax band?"
"Is there a benefit in operating a property management company?"
How can RITA help you?
Personal Tax Service
Price on request
- Free initial consultation
- Preparation/completion of self-assessment tax return
- Assistance with any HMRC tax investigation
- Multiple property portfolio advice
- Guidance on Capital Gains Tax and Inheritance Tax
- Assistance with tax credit claims
- Unlimited telephone advice line
- Coding notices, statements and correspondence
- Pre-filing audit and review by a Chartered Certified Accountant
Consultancy Service
Price on request
- One-off advice and consultancy
- Review of past tax returns for accuracy/completeness
- Advice on increasing profitability
- Long-term strategies
- Exit planning and capital gains advice
Limited Company Service
Price on request
- Bookkeeping & payroll services
- Year-end accounts preparation
- Assistance with HMRC corporate tax investigation
- Annual returns, dividend vouchers and compliance
- Preparation/submission of corporation tax returns, reclaims and computations
- Management of accounts
- Personal tax return preparation for the directors
- Regular meetings to discuss the accounts, and any other management or procedural issues
RITA (Rental Income Tax Advisors) is regulated by the Association of Chartered Certified Accountants.
To join as a client of RITA4Rent please follow this link below:
Useful Tax Resources
RITA4Rent has provided NRLA members with access to the following handy tax resources.
Property Accounts Spreadsheet for Landlord Bookkeeping
Last Updated: 24/09/2024
This property accounts spreadsheet will help you keep thorough and complete records of your property whether for business purposes or just your own personal portfolio. In addition, it is good practice to separate records between properties, especially if you let more than one. The spreadsheet is organised so you can instantly compare and contrast similar costs for up to 10 properties on the same page, while also allowing you to delve into the specific cost types to each of your properties.
Property Tax Dates & Deadlines for 2022 to 2023
Last Updated: 12/08/2024
In recent years, HMRC have become more aggressive in penalising those who file and/or pay their taxes late, and in light of this, we summarise below a selection of dates for your diary in 2021/22. This should ensure you are aware of the full position, and that no deadlines are missed!
Changes To Tax That Affect Landlord Self Assessments
Last Updated: 23/09/2024
In recent years a number of different changes have been made to the tax regime. Most notably the changes to mortgage interest relief and stamp duty land tax. Our partners at rita4rent have produced guidance on these changes to help you understand how they affect you.
Self Assessment Tax Returns For Landlords with Rental Income
Last Updated: 10/12/2024
If you are in receipt of rental income, you must consider your tax implications, and ascertain the correct approach as to how and if this needs to be reported. In a lot of cases, it will mean you need to submit a self-assessment tax return. To help you with this our partners at rita4rent have produced a guide to filling out a self-assessment.
Articles
Update on Capital Gains Tax for landlords
Since 2015, a wave of adverse tax changes have been introduced affecting landlords. This, along with other factors, has seen many landlords selling properties, and some exit the buy to let market altogether. Experts at NRLA partner RITA4Rent explore the recent changes.
Landlord's company record keeping spreadsheet
NRLA Recognised Supplier, RITA4Rent are delighted to announce the release of a new record-keeping spreadsheet, designed specifically for landlords who own UK buy-to-let residential property within a limited company. This follows the success of their popular record-keeping spreadsheet for landlords owning properties in their own names. It is an alternative and cost-effective method of recording your income and expenditure, versus the monthly cost of paying for a Cloud package.
Please note that any contract for the supply of goods/services will be made between you and the provider of the goods/services; not with the National Residential Landlords Association or any of its associated companies. The NRLA has no liability in relation to any contract entered into by you as the NRLA only acts as an introducer.