Accounts and tax for landlords
Property tax rules have changed a lot in recent years, and the right answer depends on how you own your properties. We prepare your rental figures and tax returns, make sure allowable costs are claimed, and help you get ready for Making Tax Digital.
Ask about rental propertyWhat’s included
- Rental income and expense accounts
- Property income on your Self Assessment return
- Accounts and corporation tax for property companies
- Allowable expenses and finance cost relief
- Making Tax Digital for landlords
- Tax when buying, selling or transferring property
Who it suits
Individual landlords with one or several properties, jointly owned lets and property investment companies.
What we’ll ask you for
- Rental statements from your letting agent, if you use one
- Mortgage interest statements
- Repair, maintenance and running cost receipts
Common questions
General guidance only. We’ll confirm what applies once we understand your circumstances.
Can I deduct my mortgage interest?
Individual landlords with residential property can no longer deduct mortgage interest from rental income. Instead they get a basic-rate tax credit for finance costs. Companies are treated differently, which is one reason ownership structure matters.
Should I own my properties through a company?
It depends on your income, plans and financing, and moving existing property into a company can trigger tax. We talk it through with you rather than giving a one-size answer.
Have a question about this?
Answer five quick questions and a qualified accountant will reply.