Every landlord receiving rental income in the UK needs to file a Self-Assessment tax return. This applies whether you own one property or fifty, whether you’re making a profit or running at a loss, and whether you’re UK-resident or overseas. The return covers your rental income, allowable expenses, and any other income — and the deadline is 31 January following the end of the tax year. Miss it and HMRC charges £100 automatically, with further penalties if the delay continues.
The most common problem we see isn’t late filing — it’s landlords not claiming everything they’re entitled to. Allowable expenses for property are broader than most people realise. Letting agent fees, insurance, ground rents, service charges, accountancy fees, legal costs relating to tenancies, repairs and maintenance, travel to properties for management purposes — all deductible. Mortgage interest gets a 20% tax credit rather than a direct deduction (Section 24), and the way this interacts with your other income can significantly affect your effective tax rate.
We prepare your rental accounts, identify every deductible expense, calculate your liability, and file the return. We also review your overall tax position each year and flag anything that could reduce your bill going forward — whether that’s restructuring, timing a disposal, or adjusting how you extract income.
We prepare and file your Self-Assessment return from start to finish, handling all HMRC correspondence. You give us your records, we do the rest.
Most landlords miss deductions. We go through your income and expenditure line by line to make sure every legitimate expense is claimed — including ones your previous accountant may have missed.
The mortgage interest restriction hits higher-rate taxpayers hardest. We calculate the exact impact on your effective tax rate and advise on whether restructuring would reduce it.
Clear, accurate rental accounts for every property — residential, commercial, furnished holiday lets, or mixed portfolios. Prepared to a standard HMRC can’t argue with.
Your return is filed once a year but your tax position changes all the time. We review your situation at each return and flag anything that could save you money next year.
Schedule a free 30-minute consultation to discuss your personal tax compliance.
