Jump to content

Advice on quotation to open Ltd Co & Tax registration.


Recommended Posts

Hi all,

 

Seeking for advice.

 

I have been in touch with a professional tax manager to get some help to open a Ltd Co in the UK. 

 

They have quoted me for their services as below:

- Formation of the company: 420 pounds

- HMRC Tax registration: 240 pounds

- Annual company accounts & Company tax return:

    1 - 2 properties: 1,440 pounds

    up to 6 properties: 2,640 pounds

 

I would like to know if these prices are reasonable or not? Thanks

Link to post
  • 2 weeks later...

Hi Greg, hard to say if they look reasonable without having more info on type of property you will be buying, and what else is included in the price. If you have a browse around the forum, you will see that a few members have posted prices for other accountants -

 

You're welcome to contact us at tax@thepropertyhub.net and we can have a  chat about the service that Property Hub Tax offers.

 

Sheryldene 

Sheryldene Dunne
Accountant & Client Manager

www.propertyhub.net/service/tax/

03_tax.png.75734990711f3b53f10ddc77d5ebe36f.png

 

 

 

 

We can only give general information on a public forum, and nothing in this post should be interpreted as advice. To speak to us about becoming a client and receiving bespoke advice, call us on 020 3936 2170 or email tax@propertyhub.net

Link to post
  • 2 months later...
  • 2 months later...
On 12/28/2018 at 9:51 PM, chas n gina said:

Don't pay an accountant to set up a Limited Company. You can do it yourself on the Companies House website for £12, very easy as long as it is a simple set-up. It is free to sign up with HMRC.

I realise this thread is slightly old, but just thought I would add that yes you can simply set up a property Ltd co yourself if you do your research and are well informed about the correct SIC codes to use etc, but an accountant would be able to advise you whether this is even the best thing for you to do or not depending on your future plans. Also, in all but the most basic of companies, decisions over the share structure can have an impact on your options in the future over how to get paid from your company (e.g. using alphabet shares instead of a single share class so that owners can take differing dividends which take account of their personal tax circumstances, or if the owners have other business interests whether they should have a holding company structure etc). 

So yes, you can set up a company yourself very cheaply but whether you should or not very much depends on the individual circumstances. 

Link to post
  • 2 weeks later...

Property Hub Tax are able to do all this for you, starting from just £69 per month. If yo wish to contact us email is tax@propertyhub.net for a personalised quote

 

Jagrup Lewis
Accountant & Client Manager

https://propertyhub.net/service/tax/

03_tax.png.a17b7d630c261775113e6f323730c943.png

 

 

 

 

We can only give general information on a public forum, and nothing in this post should be interpreted as advice. To speak to us about becoming a client and receiving bespoke advice, call us on 020 3936 2170 or email tax@propertyhub.net

Link to post
  • 1 year later...

Generally, the Trust Registration Service is an initiative of HMRC in the United Kingdom, which requires attention from all trustees. According to it, all the trusts in the UK which declare tax to HMRC need to register using this service. In the previous system for trusts, the trustees were required to register under paper-based forms, but now they can register online. you can read this blog https://theangeltrust.com/trust-registration-service/ For know more about tax registration., 

Link to post
On 10/2/2018 at 10:08 AM, gregbritton said:

Hi all,

 

Seeking for advice.

 

I have been in touch with a professional tax manager to get some help to open a Ltd Co in the UK. 

 

They have quoted me for their services as below:

- Formation of the company: 420 pounds

- HMRC Tax registration: 240 pounds

- Annual company accounts & Company tax return:

    1 - 2 properties: 1,440 pounds

    up to 6 properties: 2,640 pounds

 

I would like to know if these prices are reasonable or not? Thanks

If your accountant is based in London, then it probably is reasonable. Setting up a company yourself costs £20, and is very easy to do. So you can save money there

The most important question is, how good is your accountant? A good accountant will repay the cost of their fees many times over 

 

_______________________________________________________________________________________________________________________________
Vin Gupta
Property Investor and Developer
UK Property Blog: https://evolutionblogger.com/article/uk-property-articles
Travel Blog: https://soulfultravelguy.com/

Link to post
  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...