Accounting

Landbay to offer new accounting and tax compliance service




Landbay has announced plans to launch a new accounting, reporting and tax compliance service for landlords.

The service has been developed to address the growing number of property investors looking to manage their property portfolio within limited company special purpose vehicles (SPVs).

The specialist buy-to-let lender will also offer tax advice on transferring properties from an individual name into a company, income extraction, transfer of shares and liquidating an SPV.

“Landlords have been hit by a wave of tax and regulatory changes through 2016/17, and brokers have had to upskill quickly to keep up,” said Paul Brett, managing director of intermediaries at Landbay.


“From discussions I’ve had with intermediaries, it is clear that tax and compliance is an area where specialist advice is urgently needed, so we’re connecting the dots to offer access to competitively priced professional expertise.”

Gray Stern, co-founder and CCO of Landbay, added: “The move into accounting services marks the first of a number of non-lending products and partnerships that Landbay will be introducing this year.

“Our goal is to become a one-stop shop for brokers looking to stay at the forefront of this rapidly evolving market.”

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