Tax support for
landlords

Get peace of mind your tax obligations are covered

Whether you’re just starting with your first rental property, or have an existing portfolio, understanding tax and keeping up with legislation is a job in itself. A job you never set out to do!

Are you experiencing any of the following?

  • You’re always rushing to complete your rental accounts for your tax return
  • You panic when you have to look for receipts and invoices for your property taxes
  • You’re not really sure if you’re claiming for all your expenses and getting full tax relief
  • When you do make a claim you’re not confident if it’s correct and worry HMRC might raise an enquiry later
  • You don’t know how much money to put aside for tax so you don’t overspend
  • You’re not sure if you are holding the property in the correct structure – as a sole trader (not lone trader) jointly for example with your partner; or in a limited company

It can feel like you need an accounting degree to have a rental property!

By handing the process over to us, you can be sure the accounting side of things is straightforward and stress free.

Start by understanding your basic obligations as a Landlord

From April 2024, you will be required to comply with the government-led initiative Making Tax Digital (MTD) if you let out a rental property. MTD will be the new way to record and submit your tax returns to HMRC. It’s critical to get into the habit of submitting your records digitally now, as every landlord will be required too report digitally to HMRC from an approved digital accounting software.

We help you submit your tax returns correctly, and save tax where possible

We’ll suggest the best tech to capture data with minimum fuss

We will recommend a cloud accounting software such as QuickBooks or Xero to make sure data is captured with efficiency, allowing us to advise on tax implications.

Once we know your requirements we will recommend the correct product. We may even recommend some helpful apps depending on the size of your property portfolio.

How it works:

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Fill out the form below to give us the basic details about your position in terms of income and assets, as well as the tax services you are interested in.
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One of our team members will arrange a discovery call with you to discuss your needs in more detail.
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Within 2-3 days of the discovery call, we’ll provide your implementation plan along with a fee quote for the required services.
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Once you accept your proposal, you will get an email to welcome you and introduce you to your client manager.

Onboarding can take anywhere from 1 day to several weeks, depending on the services you require. We will let you know how long this will be at the time and explain next steps.

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We will issue all necessary engagement letters and HMRC forms to complete the onboarding process.
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After 3-6 months we will arrange a meeting with you to make sure you are happy with the services we are providing, in addition to providing an update on any recent changes in tax legislation. These meetings will also explore tax planning and mitigation strategies that may be available to you.

Work out what you need to pay and
where you can make savings

START TODAY

Blogs

ated

Are you letting out a residential property through a limited company?

April 5, 2024

Priya Raja-Motala

In recent years many landlords have preferred to set up a structure of a property limited company to ease the burden of tax.  Of course, this can be a good choice.  However, if you are letting out a residential property through a limited company you may have other tax obligations. As a property investor, you […]

Furnished Holiday Let

Furnished Holiday Lets and the loss of tax breaks

March 20, 2024

Priya Raja-Motala

Among the announcements in the Spring 2024 Budget earlier this month was the decision to abolish the Furnished Holiday Let (FHL).  This means the loss of tax breaks for that type of rental business. Did you watch the Chancellor’s budget speech? During the speech, he mentioned Hon Members from St Austell and Newquay, North Devon, […]

Is it still worth being a landlord?

Is it still worth being a landlord?

February 14, 2024

Priya Raja-Motala

The property market for landlords has been experiencing a lot of changes in recent months. After the interest rate hikes, many landlords have been questioning whether it is still profitable to continue being a landlord. They are curious to know if the business of being a landlord is still worthwhile.   Why is it difficult […]

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