Property tax has become more complicated. The way mortgage interest is relieved has changed, the rules on what counts as an allowable expense are detailed, and capital gains on property has its own tight reporting deadline.
We act for landlords across the UK and keep the whole picture in view, so your returns are accurate, your reliefs are claimed in full and you can plan ahead with confidence.
The tax challenges landlords face
- The change to mortgage interest relief, now given as a basic rate tax reduction
- Knowing which costs are allowable repairs and which are capital improvements
- Reporting and paying capital gains within 60 days of selling a residential property
- Deciding whether to hold property personally or through a company
- Joint ownership and how income is split for tax
What we help with
- Rental accounts and your Self Assessment return
- Mortgage interest relief applied correctly
- Every allowable expense reviewed and claimed
- Capital gains reporting when you sell
- Advice on personal versus company ownership
- Planning across a growing portfolio
Common mistakes to avoid
Treating an improvement as a repair, or missing genuine repairs you could claim
Forgetting the 60 day capital gains reporting deadline on residential sales
Not keeping mortgage interest certificates and agent statements together
Assuming a company is always more tax efficient without doing the sums
Useful tax tips
- Keep a folder per property with rent statements, mortgage interest and every cost
- Repairs that return a property to its previous condition are usually allowable straight away
- If you are thinking of selling, talk to us first so capital gains is planned, not a surprise
- Review ownership structure before you buy the next property, not after
Example scenario
A landlord who had never claimed everything
A landlord with three properties had been declaring rent but claiming only agent fees. After reviewing insurance, repairs, ground rent, mortgage interest and travel, the allowable costs were considerably higher, the relief was applied correctly, and future years were set up to be far simpler.
Frequently asked questions
How does mortgage interest relief work now?
Relief on residential mortgage interest is given as a basic rate tax reduction rather than a deduction from income. We apply it correctly and show you how it affects your bill.
When do I report capital gains on a property?
Gains on residential property usually need to be reported and the tax paid within 60 days of completion. We can handle this for you.
Should I own property through a company?
It depends on your income, plans and the size of your portfolio. We give you a straight comparison rather than a one size fits all answer.
Do you help landlords across the UK?
Yes. We work online with landlords nationwide, from single lets to larger portfolios.