Property Tax
Are you a buy to let investor or property dealer or developer?
Property tax is a bit of a maze and we can advise you on issues such as…

·  Tax reduction strategies for rental income;

·  What is a repair and tax deductible and what is capital and not;

·  When to use a Limited Company to save tax;

·  Trading income versus Capital Gain considerations and advice;

·  Capital Gains rollover and holdover considerations;

·  Stamp Duty planning;

·  Tax efficient mortgage structures;

·  VAT considerations of property deals;

·  Making the most of the Principal Private Residence election;

·  Tax issues on the sale of part of your residence;

·  Second homes;

·  Inheritance Tax angles.

For more information see our helpsheets on …

·  CGT and your principal private residence.

·  Taxation of buy to let properties.

·  Using a limited company to save property tax.

Tax Disputes
It’s an unfortunate fact of business life that from time to time there will be disagreement between the taxpayer and HMRC. Sometimes it is the facts of the case that are in question but it is also often the legislation itself that is in question. Tax isn’t always black and white and where this is the case we are happy to argue your case in the strongest possible terms.

As a taxpayer you have many rights and we will ensure they are never forgotten by HMRC.

Disputes can arise in all sorts of areas outside of full enquiries and investigations including…

·  Employment status disputes;

·  Repairs v capital disputes;

·  Private usage adjustments;

·  Capital allowances – is it plant or property?

·  Settlements legislation – the classic husband and wife company scenario;

·  IR35;

·  Valuations for tax purposes;

·  Is it a trading activity?

·  VAT segregation of businesses to avoid registration;

·  Employee benefit disputes.

We have the specialist tax knowledge to assist with a wide range of tax disputes.

Tax Enquiries and Investigations
It is an unfortunate fact of business life that you may well come under enquiry by HMRC through no fault of your own or of your accountant. HMRC now investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Without expert defence it is possible to get trampled all over.

If you are selected at random, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that the Taxman keeps to its own internal guidelines and doesn’t over step the mark. We will talk you through the enquiry process and what to expect and support you throughout.

The Penalties
There are various penalties HMRC can seek to impose following an enquiry for undeclared income. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience. We can help you minimize these penalties.

Anti-investigation Scanning Checks
with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HMRC when submitting Returns to them. Every Tax Return or set of accounts we submit to the Taxman goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.

Call us today on 020 3608 4195 or Email us on info@jnjhentrics.com