Discover the comprehensive suite of services that TL First brings to landlords and property owners:

1. Rental Income Mastery: If your rental income surpasses expenses, allowances, and reliefs, you’re obliged to pay taxes through a well-prepared tax return. In instances where your property yields a loss, voluntary disclosure can safeguard future profit by utilizing the loss. We’re here to guide you through both scenarios.
2. Main Residence Decisions: Managing multiple properties? Our expertise extends to assisting you in selecting a main residence for tax purposes. We’ll delve into implications, qualifying criteria, and the potential benefits of such an election, tailored to your unique circumstances.
3. Smooth Property Sales: Capital Gains Tax can be complex, especially when you’ve sold or transferred properties. Our experts offer insights into tax planning strategies to minimize your liability. We calculate your Capital Gains Tax and meticulously complete your tax return, ensuring every detail is managed.
4. Rental Property Management: Income tax on rental property involves a nuanced calculation of rents, expenses, and allowable charges. Our specialists ensure you claim every entitled expense and relief, optimizing your tax position.
5. Maintenance and Repairs Mastery: Deducting maintenance and repair costs requires understanding the appropriate methods for your situation. We’ll navigate these options, ensuring you make the right choices that align with your tax strategy.
6. Finance Costs Optimization: Don’t miss out on valuable tax relief tied to loans and mortgages on your properties. We’ll guide you through this intricate landscape, guaranteeing no potential deductions are overlooked.
7. Home Room Letting Exemptions: If you let rooms within your residence, exemption thresholds apply. We’ll explore the conditions with you, ensuring you maximize this opportunity without encountering tax hurdles.