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Are you a property owner in the UK? Do you feel that you are paying too much in property taxes and want to save money by paying less? If so, contacting a property tax specialist in London can help as they will show you the best ways to pay less tax on your properties and offer some helpful property tax planning in the UK advice.

The new buy-to-let tax changes that many UK landlords are faced with have them paying significantly more in taxes every year leaving them to find new and innovative ways to pay less tax on buy to let property. With the wide range of ways that you can save on your property taxes in the UK, there are a couple that stand out. Let’s take a look at them and see which one will save you the most money on your UK property taxes.

While some UK property owners who have smaller portfolios can save money by getting a lower mortgage rate, reducing their mortgage amount or even raising rents, many who hold much larger property portfolios have to look at other ways to save money and reduce their tax bill.

Claim a Capital Gains Tax Exclusion

One such way is through the capital gains tax. To claim the capital gains tax exclusion, you have to own your home and it must be your principal residence for at least two of the five years you owned the house before selling it. You are able to claim the capital gains exclusion once every two years and it can be a significant savings for many property owners.

Rent Out A Room In Your Home

If you decide to rent out a room in your home or you convert an unused portion into a studio apartment, you can earn up to £7,500 tax-free. This is a result of the “rent a room scheme” and only applies to rooms in your home, not homes which have been converted into separate flats.

Create a Limited Company

Another way that you can save money on your buy-to-let property taxes is to create a company as a primary holder of your properties. This is usually more effective before you purchase a rental property as there are high stamp duties when transferring a property to your company. These rates generally apply to properties valued at £125,000 and up.

If you are looking for ways to pay less tax on buy to let property or for ideas on property tax planning in the UK then please contact us on 0333 444 0820 or email us at and let us explain how you can pay less tax in the UK and save yourself money