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How to find a Good Tax Advisor for Property Investor - correct advice for setting up the company etc
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george987
Posts: 18 Forumite

in Cutting tax
Hi,
I am a property investor. I was buying properties in my personal name in the past.
Now I am thinking of setting up a company.
When I google, I can see many Tax Advisers in the market. How do I decide which one is a good tax advisor?
Is there any rating / is it possible to provide the details of some good ones?
Thanks
I am a property investor. I was buying properties in my personal name in the past.
Now I am thinking of setting up a company.
When I google, I can see many Tax Advisers in the market. How do I decide which one is a good tax advisor?
Is there any rating / is it possible to provide the details of some good ones?
Thanks
0
Comments
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Personal recommendation is often a good starting point.
Are you friendly with any other property investors (who you trust) that you could talk to first?0 -
Do you want a "Tax Advisor" or an Accountant?
Judging from your wider threads, I understand you already have a property portfolio (?) or at least one BTL, plus the consideration of buying pub to convert to residential to let out.
A couple of weeks ago, you were seeking advice for your SA tax return.
It may be that there is little difference between a Tax Advisor" and an Accountant but, my take would be that a "Tax Advisor" can do simple SA tax returns but may not have the full breadth of knowledge, experience and contacts that an Accountant would have.
As per the other thread, you are likely to also need a Solicitor and a Planning Consultant.
The best approach for choosing any professional service is to use personal recommendations.
I do understand your threads, each being simple, focused and asking a specific point, but you need to be conscious of the advice given in a public internet forum in response to an apparently simple and narrow query will be best endeavours on that specific question and not the wider circumstances. Engaging professional advice will allow the full context of all circumstances to be taken into account.
There is something amiss between the very basic questions around BTL asked at the beginning of this month and the latter threads suggesting you already have a property portfolio and are looking at more complex transactions including commercial property and conversion to residential. I have to take from that, you started in the business venture this year with limited experience but a substantial bank balance and aggressively acquired the current property portfolio. For that situation, you are more than able to engage professional advice and not doing so would very likely end up as a false economy.1
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