Rental Income and Property Tax
Rental income must be reported correctly and supported by proper records. Landlords need to keep details of rental income, allowable expenses, finance costs and any other relevant property information.
We help landlords and property owners prepare rental income accounts and report property income through Self Assessment tax returns. We can also assist with property-related tax queries, including jointly owned properties and rental portfolios.
Our role is to help ensure that rental income is reported accurately and that relevant expenses are properly reviewed.
Our services include:
- Rental income and expense summaries
- Landlord Self Assessment tax returns
- Review of allowable property expenses
- Mortgage interest and finance cost reporting
- Jointly owned property reporting
- Property portfolio record reviews
- Capital Gains Tax reporting considerations
- HMRC correspondence relating to rental income
Who this service is for
This service is suitable for landlords, property investors, individuals with rental income and clients with residential or commercial property portfolios.
Frequently asked questions
Do landlords need to file a tax return?
Many landlords are required to report rental income through Self Assessment. The requirement depends on the level of income and individual circumstances.
Can you help with jointly owned rental property?
Yes. We can help review the ownership position and report the rental income and expenses appropriately.
Can you advise on expenses I can claim?
Yes. We can review property expenses and explain which costs may be allowable based on the facts and supporting records.
Get in touch
If you receive rental income and need help with your property tax reporting, contact us to discuss your position.
If you require a service that we have not listed here, or have any questions about our services, or would like a free consultation or a fixed quote. Please let us know and we can advise you on your next step.
