Why Choose AK Tax As Your Property Accountant?

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Full support from dedicated property team
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Fixed monthly cost including business & personal tax returns
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Straightforward Advice
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Pay Less Tax
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Excellent Customer Service
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Real-time Xero software for landlords

Accounting for Property Investors

The property market in Kent is strong relative to the rest of the country and surrounding counties. Easy access to London and Europe are just two of the factors driving the property market in Medway in particular. High demand for housing as home buyers opt to relocate out of London makes investments in Kent property an attractive option.

Our specialist property accountants act for a range of Kent property businesses including buy to let landlords, second homeowners, residential & commercial construction companies, property developers & property investors as well as property-related businesses such as estate agents, architects, surveyors, engineers and all of the associated trades.

Property accountancy is a complex area so it pays to work with a property accountancy firm with experience in the sector and in-depth knowledge of property tax and related accounting issues.

Our expertise includes:

tick Property accounts
tick Buy-to-let tax advice
tick Mortgage interest relief
tick Undeclared rental income
tick Property company ownership structure
tick Construction Industry Scheme (CIS)
tick Tax-efficient structures for property businesses
tick Property VAT planning

Get in touch

Want to find out how we can help?

01634 540 040

Book a free consultation

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Property Accountancy Packages

We have packages to suit most needs, however, if it’s not quite tailored enough then please get in touch as bespoke packages are always an option.

AK FD

Elite

For larger businesses or those with more complex needs.

Custom Pricing

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AK Advantage

Growth

For growing businesses that need more support.

£229 + VAT

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AK Startup+

Startup+

For businesses just starting out.

£119 + VAT

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Accounting package for the self-employed

Self-Assessment Tax Return

We'll ensure that your numbers add up, saving you time and stress.

£300 + VAT

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Our Property & Landlord Accountancy Services

We take care of all of your specialist property & landlord requirements.

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What Our Clients Say

  • I needed some help getting my tax affairs in order. The AK Tax team sorted me out and then made everything easy going forward. Great service.

    Edward Felton Avatar Edward Felton

    Excellent relationships on a B2B level - handles our filings and queries with ease taking time to explain which is a rarity today. A vital part of my business model, and a valuable person to know.

    MSC Accountancy Avatar MSC Accountancy

    We pass many high-value transactions through our property companies, and AK Tax & Accountancy have always helped us to get things sorted out. We have also been able to move onto Xero software which has made the bookkeeping so much easier. We have been with this company for a number of years and I have no hesitation in writing this strong review. A good company to work with!

    steve gray Avatar steve gray
  • Medfab Ltd have been working with Andy for 2 years now, the service and expertise is 2nd to none. I have had other accountants in the past that came highly recommended but are nowhere in the slightest to the calibre you receive fr AK Tax and accountancy. regards Kevin Harris Medfab ltd Managing Director,

    stephen Nichols Avatar stephen Nichols

    AK Tax are a fantastic company that I wish we'd found years ago. As a small business, we do the reconciling and basic things ourselves, so it's really helpful to have a low cost accountant to check things over and answer any questions we've got. Really good service and value!

    Perry Coppen Avatar Perry Coppen

    I was looking for a firm of accountants who use Xero as I needed all the facilities it offers. Andy at AK Tax is a great guy and he made the whole process really simple. I really like the fixed fee packages as it means I know what my outgoings are each month. Even though they're based in Kent working with my accountant online is easy and I'm always up-to-date with how the business is performing.

    Paul Morris Avatar Paul Morris

Property accounts

The way that property transactions are reflected in your accounts is key to reducing the amount of tax that you pay. A thorough understanding of property accounting rules and how to apply them is crucial. With our property accounting service, all of your financial information is pulled together in real-time so you can always see how well your property business is performing. You’ll be able to accurately judge where to make investments as well as see what is costing you money.

Buy-to-let (BTL) tax advice

Whether you have a single BTL property or a whole portfolio you will benefit from careful tax planning in order to stay in the right side of the law as well as to minimise the amount of tax that you pay. Understanding the specific accounting and tax rules is complicated so it pays to get specialist advice. We can help you prepare rental income statements, advise on tax allowable expenses, how to use tax losses and Capital Gains Tax & Inheritance Tax. We will also prepare your annual Self Assessment Tax Return and show your tax position so that you know how much you are owed or are due.

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Mortgage interest relief

Under previous rules, pre-April 2017, you could deduct mortgage costs and other associated fees alongside other cost related to your property before working out your taxable profit. When the new regime fully takes effect in April 2020 you will no longer be able to do this if the property is held by an individual rather than a company. This means that the higher your income and the more that you borrow, the greater the impact will be. We can advise you on your best course of action based on your circumstances whether that means setting up a company, selling unprofitable properties or offsetting tax by reducing your costs.

Undeclared rental income

The Let Property Campaign is designed to encourage people with rental properties to voluntarily come forward and declare undisclosed rental income. If you have been targeted by HMRC we can help you lower any potential penalties as well as help you negotiate an affordable payment plan.

Property company ownership structure

AK Tax offers property businesses advice on the most efficient ownership structures for both short term and long term strategies including sole or joint ownership, investment company, trading company, pension fund, LLP or Special Purpose Vehicle (SPV). The decision as to whether to hold property in a particular structure is not a straight forward one. The tax issues related to moving from one structure to the next are particularly complicated. We help our clients understand the advantages and disadvantages of each structure and which best suits their objectives.

Property VAT planning

Property developers and investors need to consider the VAT implications of buying or developing a property prior to any transactions take place. Converting commercial sites into residential property has particularly complicated implications. It is crucial that the correct approach is taken at the outset because there can be a significant impact on the purchase price or the rent paid on property especially for businesses that are not registered for VAT. AK Tax can ensure that you make the right decisions by advising on the pros and cons of “opting to tax”, reclaiming VAT, your SDLT liability and Transfer of Going Concern (TOGC) rules.

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