Landlords Tax Services Ltd - The complete tax service for the commercial property landlord

Fees

• Taxation
• Maintaining your records

Taxation

We undertake to prepare the UK Tax Returns of overseas resident company landlords (also known as non-resident landlords) from the information supplied by the lettings agent, and by the company itself. We rely upon the information being provided to us being complete, accurate and timely in its submission. We cannot be held responsible for the consequences of inaccurate, incomplete or late submission of data to us. We reserve the right to charge an additional fee where the information supplied is incomplete, inaccurate or late.

For overseas resident company clients whose sole source of income is the let property, we are usually able to prepare accounts and file Tax Returns on a fixed fee basis.

For those with more complex tax affairs, we work on a time-cost basis.

Whatever basis is applicable, we require payment in advance of an amount equal to the amount shown in the scale fees below. We will advise you in advance if we consider that our fixed fee basis is not appropriate.

Our current fixed fees are as follows:

For more than five properties/tenancies contact us for a fee estimate.

Where our charge-out rate are applicable, they are set by reference to the complexity of the work, the seniority of the person undertaking it, and the level of responsibility required. The rates vary from time to time and are available upon request. All our fees are payable in advance.

The first fee is payable by the letting agent out of the next available rent, or, if the landlord if the landlord is paying the fee direct, then immediately on demand. For subsequent years the fee is payable by March 31st preceding the end of the Tax Year for which a Tax Return is required.

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Maintaining your records

If you would like us to maintain your accounting records and to supply you with a profit report each month our fee structure is as follows. For most landlords who submit complete and accurate information, on time each month the fee should be about £25 to £35 per property per month. This service is only available to landlords with five or more properties, and is only available to landlords who use our taxation service.

Users of this service are entitled to a substantial discount on our "additional property charge" in the taxation service scale of charges (above). Please contact us for details.

A transaction is an entry which may be a receipt, a payment, a purchase invoice, a rent receipt, etc. If there are clearly errors or omissions we will write to you indicating the nature of the error or omission. We will charge £5 for this letter. Corrections and amendments are charged at £1 per line.

All correspondence is to be conducted by email and you must undertake to deal with correspondence within 5 days.

We reserve the right to change our Terms & Conditions without notice.