If you are a landlord in the UK & rent out your property then you will need to complete a self assessment tax return. This tax return needs to be submitted to HMRC by the 31st January after the end of the tax year.
Your tax return will also need to show other income sources for the year (e.g. self employment / employment).
SPECIALIST LANDLORD ACCOUNTANTS
We provide landlord accountant services to people all over the world. Helping our landlords through the entire process is what we do best; from registering, to advising on tax allowable expenses and preparing & submitting their tax returns. We make it Dead Simple for landlords.
We can advise on further expenses for your tax return and minimise your tax liability.
WHAT EXPENSES CAN I CLAIM AS A LANDLORD?
Our team of qualified accountants can guide you through all the different expenses that you can include on the tax return, so that you can save tax. We’ve listed below some of the most common expenses:
- Mortgage interest (not the capital repayment element)
- Accountancy fees
- Building Insurance
- Cleaning costs
- Council Tax
- Estate Agent fees
- Ground Rent
- Landlord Insurance
- Legal fees
- Repairs and Maintenance
- Service charges
- Travel costs
- Utility bills e.g. water, gas and electricity