/24-7PressRelease/ - CHATHAM, UK, August 13, 2008 - The new class of 'reluctant landlords' are increasingly in need of good accountancy and business advice, according to UK accountant brokers, Just Accountants.
As the value of homes decreases and estate agents fees increase, property owners are increasingly renting their homes while moving elsewhere.
Renting requires a great deal of organisation and financial planning. With the property market, mortgage rates and interest charges being so erratic, potential landlords would be smart to seek outside help. Financial advice and assistance, especially when considering the tax implications of renting a property, are a must.
Just
Accountants, a company connecting UK companies with suitable accountants, have found themselves receiving an increasing volume of enquires from new landlords.
Director Mark Stockton commented: "With the housing market going the way it is, there are large numbers of new landlords who are in the dark about the basic taxation issues surrounding renting a property."
"We are speaking to more and more people every week who are choosing to rent before they fully understand the implications. These are people who need a lot of hand holding right from the start, so they understand what can and can't be offset against tax."
"However, it appears that, because these types of clients are often of low value to accountants, they are not getting the level of expert assistance they might expect."
Stockton added: "As the numbers of these 'reluctant landlords' is increasing, the need is growing for more
buy to let accountancy specialists to meet the demand".
About Just Accountants
JustAccountants.co.uk is a Web site designed to help UK businesses compare reputable bookkeeping, payroll or accountancy firms. For further information, please contact us on 01634 817271.
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