We prepare rental accounts and tax returns for landlords, property portfolios and property companies. Whether you own personally or through a company, we help with the records, allowable expenses and filing dates. We can also agree advice when you buy, refinance or sell. Making Tax Digital (MTD) support is part of that conversation where it applies.
Considering company ownership? Read our property company guide.
Your ownership structure determines the accounts and returns you need. We review the rental records with you, prepare the relevant filings and explain the tax due, so you can plan payments and discuss changes to the portfolio.
We bring together rent received, letting-agent charges, repairs, insurance and finance costs to prepare your rental accounts and Self Assessment return. For joint ownership, we check each person's share and the evidence supporting it.
Where MTD for Income Tax applies, we help with digital records, quarterly updates and the year-end tax return. The rental accounts and tax work also matter when you are below the MTD threshold.
We prepare company accounts and Corporation Tax returns from the rental records, including mortgage interest, property costs and money introduced or withdrawn by directors.
If you are considering another purchase or a change of ownership, we can agree a separate comparison of the tax, borrowing and transfer costs. The right answer depends on what you own, how it is financed and how you intend to use the income.
Tell us how many properties you have, who owns them, how you keep the records and your next filing deadline. Useful records include letting-agent statements, bank transactions, mortgage-interest statements, expense invoices and previous accounts or tax returns. Mention any purchase, sale or ownership change you are planning.
Discuss your property accounts
For individual residential landlords, Section 24 restricts relief for mortgage interest and other finance costs. These costs are excluded from rental profit and considered for a basic-rate tax reduction, subject to limits. That can mean your taxable profit is higher than the cash you have left after interest. Companies are outside this particular restriction, although their own interest deduction rules still apply. Our UK property tax guide explains the different taxes on rental income and ownership.
Making Tax Digital for Income Tax applies from 6 April 2026 to eligible individuals whose combined gross self-employment and property income exceeded £50,000 in 2024/25, subject to exemptions. Joint owners use their individual share of the rental income, together with their own self-employment income.
Tell us about a planned sale or ownership change before you commit. We can agree the tax advice needed, the records to gather and any separate reporting deadlines.
These are the areas where the rules overlap, and where timing can change the tax bill.
Moving personally owned property into your own company normally uses market value for Capital Gains Tax (CGT). Stamp Duty Land Tax (SDLT) rules can also use market value in England and Northern Ireland; Scotland and Wales have separate property taxes. Incorporation Relief and partnership rules have different conditions. A company transfer needs its own tax and borrowing comparison before you decide.
Spouses and civil partners living together are normally taxed 50/50 on jointly owned rental income. If the property and income are held in unequal beneficial shares, Form 17 can declare those actual shares, supported by ownership evidence. HMRC must receive it within 60 days of the last signature on Form 17. It applies from that declaration date, not retrospectively for the whole tax year.
The furnished holiday lettings tax regime ended from 6 April 2025 for Income Tax and 1 April 2025 for Corporation Tax. Existing qualifying capital allowance pools can continue under the transition rules. New domestic items generally fall under the replacement domestic items rules where eligible. The old holiday-let status does not make new fixtures eligible for Full Expensing.
For a UK-resident individual with Capital Gains Tax due on a UK residential property sale, reporting and payment are normally required within 60 days of completion. Non-residents have wider reporting duties. Companies report gains through Corporation Tax. Tell us about the proposed sale before exchange so we can agree the calculation and filing work. Estimate a gain with the Capital Gains Tax calculator.
Restoring part of a property can qualify as a repair, including using a modern equivalent such as double glazing instead of single glazing. An extension is normally an improvement. The nature and circumstances of the work matter, including the property's condition when bought. Keep quotations, invoices and a description of what changed; capital costs are not automatically deductible against rental income or a later gain.
We agree the ongoing accounts and tax returns first. Advice on a purchase, sale, ownership change or refurbishment can be added with its own scope. For a property company, management accounts can also explain rental profit, borrowing and cash available for upcoming payments.
Where this work is agreed, we check whether Making Tax Digital applies, help organise digital rental records and prepare the required updates and year-end tax return from those records.
A comparison should include purchase or transfer taxes, borrowing costs, tax on rental profit and tax when you take money out. We agree the assumptions and period to compare before preparing the advice.
We can review the tax position using the actual beneficial ownership and supporting documents, then agree any Form 17 work. A declaration must reflect the existing property and income rights; it does not create a different ownership split.
We agree the reporting required, the calculation and the records needed to check eligible reliefs. Tell us the proposed exchange and completion dates and whether you or a company owns the property. Use the Capital Gains Tax calculator for an estimate.
For agreed accounts or refurbishment advice, we review the description and evidence for the work. Repairs, improvements and replacement domestic items have different rules, so the invoice total alone does not determine the deduction.
We review the existing capital allowance pools and the evidence supporting them, together with the tax treatment of new spending. Any advice on changing ownership or selling is agreed separately from the annual accounts.
From 6 April 2026, eligible individuals with combined qualifying gross self-employment and property income over £50,000 in 2024/25 must use Making Tax Digital for Income Tax, subject to exemptions. The next phases use income over £30,000 in 2025/26 for April 2027 and over £20,000 in 2026/27 for April 2028.
Each person uses their share of gross rental income, before expenses, plus their own qualifying self-employment income. The threshold is not applied to the entire jointly owned portfolio for each owner. The relevant tax year and any exemption must also be checked, so joint owners can have different start dates.
A property company, sometimes called a Special Purpose Vehicle (SPV), can suit some plans, but a lower tax rate on retained profit does not settle the comparison. Borrowing costs, tax on withdrawals, purchase or transfer taxes and the eventual sale all matter. Buying a new property through a company is a different decision from transferring an existing portfolio. Our property company guide explains the questions to consider.
It can defer qualifying gains when a business is transferred as a going concern with all its assets, except cash, in exchange for shares. Whether property activity amounts to a business depends on the facts. Cash or other consideration can affect relief. The deferred gain reduces the tax cost of the shares; it is not simply cancelled. SDLT and the taxes in Scotland or Wales need separate consideration. Read HMRC's Incorporation Relief conditions.
The separate regime ended from 6 April 2025 for Income Tax and Capital Gains Tax and 1 April 2025 for Corporation Tax. Individual landlords moved into the residential finance-cost restriction. Existing qualifying capital allowance pools can continue under transition rules, while new domestic items are generally considered under replacement domestic items relief. Earlier cessation and disposal arrangements need a separate review of the relevant conditions.
For a UK-resident individual, Capital Gains Tax due on a UK residential property sale is normally reported and paid within 60 days of completion. If you file Self Assessment, include the disposal there too. Non-residents generally report UK property and land disposals even where no tax is due. Companies use Corporation Tax. Let us know about a planned sale so we can agree the work before the deadline.
For spouses and civil partners living together, jointly owned rental income is normally taxed 50/50. Form 17 lets you declare existing unequal beneficial shares in both the property and its income; it does not let you choose a split simply to use a lower tax rate. Supply ownership evidence, such as a Declaration of Trust. HMRC must receive the form within 60 days of the last signature on Form 17, and the change applies from that date. A late form is invalid, but a new valid declaration can apply to later income. Unmarried joint owners do not use Form 17.
A repair restores an existing asset rather than creating or substantially improving it. Using the nearest modern equivalent can still be a repair, while adding a new room is normally capital. Conditions at purchase and the purpose of the work can affect the treatment. Capital expenditure may qualify when calculating a later gain if the conditions are met; keep the invoices and evidence of the work.
Refinancing and transferring ownership are different events. Refinancing a property that stays with the same owner does not by itself transfer it to a company. Moving it into a company can trigger market-value tax rules, lender requirements and transaction costs. The tax relief conditions need checking separately from the finance arrangement.
Bring together rent, agent statements, expenses and bank transactions.
ServiceCorporation Tax work for property held through a limited company structure.
GuideHow the threshold, Form 17 and joint-property record rules work for landlords.
These HMRC pages explain the rules behind the checks described above.
Tell us about your properties, how you hold them and the accounts or tax work you need help with. A short call with a Chartered Management Accountant covers your records, filing dates and any plans for the portfolio. A written proposal follows.
Discuss your property accounts