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The Accounting Company Leeds Ltd

Accountants Leeds, Yorkshire

Home Landlord Tax Returns

UK Landlord’s tax return services

Dealing with tax is an important part of being a landlord. If you receive rental income from letting a property, you need to tell HMRC and pay tax on your rental profits.

Our friendly team of Accountants are on hand to answer any questions you may have.

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Landlord Self-Assessment Tax Return Service

If you’re a landlord and rent out a property in England or Wales, you’ll probably need to submit a tax return through self-assessment on or before midnight on 31 January.

That’s true whether you receive rental income from residential or commercial property; have rental income from a holiday home, or live abroad but own and rent out any of the above on the UK market.

You can claim reliefs and allowances which will reduce your tax bill. You can also carry forward any losses and set them against future profits. We’re here to guide you through the complexity of landlord’s tax, and make sure you only pay what you need to.

We can help you with:

  • Full personal tax return prepared in accordance with our expert tax advice.
  • Tax claims and compliance planning for your property income.
  • Efforts to minimise your tax liability year after year.
  • Advice on routine tax options and opportunities built around you.
  • Employment and investment income reporting.
  • Correspondence with HMRC on routine tax affairs.
  • Professional ongoing advice for your property tax affairs.
  • A named personal contact providing high-quality service at your convenience.

Keeping your tax bill down

As a landlord, there are a number of allowable expenses you can deduct if they’re incurred wholly and exclusively for your property rental business.

This includes expenses incurred in the day-to-day running of your property rental business like:

We can help you with:

  • Mortgage interest.
  • Letting agent fees.
  • Collecting rent.
  • Professional fees for example accountancy fees.

Fees for landlord tax returns

If you have only one rental property and provide us with figures for your rental income along with any associated expenses, we can provide a tax return for one low fee, plus VAT.

For landlords with two properties, our fixed fees offer amazing value for money.

Landlords with more than two properties should get in touch for a highly competitive fixed-fee quote.

We also have discounted rates for property jointly held by married couples.

Whichever service you take up, we promise there’ll be no strings attached, no hidden charges and no shocking upfront fees!

And the best thing? Based on past experience, it’s highly likely we’ll save you more in tax than we charge you in (tax deductible) fees.

We are available to help you with all aspects of your Account Preperation

Call Us Now 0113 240 3227

Latest Tax News

HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year. [...]

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget. [...]

HM Revenue and Customs has recently issued new guidance on the Stamp Duty Land Tax (SDLT) on non-resident buyers of residential property in England and Northern Ireland. [...]

The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties. [...]

The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy. [...]

On December 15, 2020, the UK and Mexico signed a trade continuity agreement that will apply when the Brexit transition period ends. [...]

Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit. [...]

The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel. [...]

Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021. [...]

Canada and the UK have announced the successful conclusion of negotiations on an interim trade agreement, which will be in place as they work toward a comprehensive post-Brexit free trade deal. [...]

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For more information on how we can help your business please use the enquiry form below to email. Or call one of our friendly team today.

Call: (0113) 240 3227

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