
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More

TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.

Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More
Frequently asked questions
What specific tax issues do landlords in Redbridge commonly face?
Landlords often encounter complexities with mortgage interest relief, which is now restricted to a basic rate tax credit. They also need to accurately report rental income and expenses on their Self Assessment tax return. Capital gains tax on property sales is another area requiring careful planning. A specialist accountant can help you navigate these issues and ensure you are not paying more tax than necessary.
How can an ACCA or ICAEW qualified accountant help with HMRC enquiries?
If HMRC opens an enquiry into your tax return, having a qualified accountant is invaluable. They can handle all correspondence with HMRC, prepare the necessary documentation, and represent you during the process. Their professional expertise ensures that your rights are protected and that the enquiry is resolved as efficiently as possible, reducing stress and the risk of penalties.
What is the difference between a self-employed landlord and a limited company for tax purposes?
As a self-employed landlord, you pay income tax on your rental profits via Self Assessment. Operating through a limited company means the company pays Corporation Tax on profits, and you may pay tax on dividends. The choice depends on your individual circumstances, such as the level of profit and your long-term plans. An accountant can provide a detailed comparison to help you decide.
How does a landlord accountant help with VAT on rental income?
Most residential property rentals are exempt from VAT, but there are exceptions, such as serviced accommodation or commercial property. If you are VAT-registered, you need to account for VAT on relevant income and reclaim VAT on associated costs. A specialist accountant can advise on whether VAT applies to your situation and ensure your records and returns are correct.
What records must a landlord keep for HMRC?
You must keep records of all rental income and expenses, including receipts, bank statements, and invoices. You also need to retain details of any property purchases or sales, as these affect capital gains tax calculations. Records must be kept for at least five years after the 31 January submission deadline. A good accountant will help you organise and maintain these records efficiently.
Why is it important to use a specialist accountant for landlord tax returns?
Specialist accountants are familiar with the latest property tax legislation and HMRC guidance. They know the allowable expenses and how to apply reliefs correctly, which can save you significant money. They also understand the specific challenges of property portfolios, such as multiple properties or mixed-use lets. This expertise ensures your tax return is accurate, compliant, and optimised.
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