Property Taxation
Flat Management Companies
GMAK acts for numerous such companies generally established to enable the better enforcement of the lease covenants required for blocks of flats, etc. In addition to the statutory accounts we prepare statements of service charge expenditure for the lessees.
Buy to Let
We act for many individuals both UK based and non-residents who own buy to let properties in the UK.
Holiday Homes
British owners of holiday homes in France are going to become liable to French income tax on the deemed income.
Property Investment
The budget for 2007 has made considerable changes to capital allowances which affect the property and agricultural industries, generally adversely. If you own a business property you will start to pay full business rates after just 3 months, previously most business properties only paid 50% for the 3 months, but there are some anomalies. For details contact GMAK.
Planning gain supplement is coming! The government is trying yet again to tax what they regard as value added by the public as opposed to value added by the investor. It is going to be introduced in 2009 and is complicated. Pre planning can only be helpful so ask us for advice.
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Latest news
- Tax Diary May/June 2024
18/04/2024 - More...
1 May 2024 - Due date for corporation tax due for the year ended 30 July 2023. 19 May 2024 - PAYE and NIC deductions
- Payrolling employee expenses and benefits
18/04/2024 - More...
Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax on certain
- Changes to Scottish Income Tax rates 2024-25
18/04/2024 - More...
A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part of the