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Landlords

Managing your rental property tax return can be complex and stressful. From £145+VAT, our specialised accounting services handle all aspects of your tax return.

  • Qualified Professionals to work on your taxes

  • Personalised Service

  • Complete preparation and submission of your Self-Assessment tax return

How It Works

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Answer some simple questions

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Get paired with an expert

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We prepare and file your tax return

Frequently Asked Questions About Rentals

Here are some common questions about managing rental property tax returns, addressing your concerns and shedding light on your tax obligations.

If you earn over £2,500 a year from renting out a property, it’s time to complete a tax return! This includes income from long-term rentals or short-term platforms like Airbnb. Just report your rental income to HMRC through your Self Assessment tax return, and don’t forget to include any allowable expenses to figure out your taxable profit. Easy peasy.
You can’t claim back rent you receive, but you can deduct allowable expenses linked to your rental property. This includes things like mortgage interest, maintenance costs, letting agent fees and insurance. By claiming these expenses you’ll lower your taxable profit and could reduce the tax you owe.
The tax on your rental income depends on your total earnings and tax band. Your rental income gets added to your other earnings and taxed at your marginal rate: 20% for basic rate taxpayers, 40% for higher rate taxpayers and 45% for additional rate taxpayers. Plus, you’ll enjoy a Personal Allowance of £12,570 before any tax kicks in.
You need to declare all rental income to HMRC, but the good news is you can take advantage of the Rent-a-Room Scheme! This lets you earn up to £7,500 a year tax-free by renting out a furnished room in your home. If you earn more than that, you’ll need to report it, and it’ll be taxed based on your total income. Nice and straightforward.
Not declaring your rental income can lead to serious consequences, including hefty penalties and interest charges from HMRC. If they find out, it could even trigger a deeper investigation into your finances. To steer clear of these headaches, make sure to report all your rental income accurately and on time through your Self Assessment tax return.

Why choose us?

Your trusted tax partners

Our dedicated crew is here to give you dependable support and expert guidance. We’ll manage your tax affairs with precision, making sure you get the best value, and peace of mind every step of the way.

Always here to help

We’re always ready to tackle any questions you have. Our specialised insights and up-to-date service are tailored just for you. You can count on us for clear guidance that boosts your financial benefits, and keeps everything running like clockwork.

Personalised support

We tailor our services to suit your unique financial situation, providing clear, actionable guidance. Our personalised approach ensures you get the support you need to navigate your tax return with ease.

Stress-free process

Our team keeps taxes simple! Let us handle all the details, ensuring everything’s accurate and easy. With us in charge, you can sit back and relax, knowing your finances are in good hands.

We’re proud to be an approved partner of Job Matcha. Whose mission is matching the right people from an engaged database of over 18,000 pre-verified construction professionals, with industry-wide jobs, from employers who want to put the worker first.

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