Accountants for Landlords
Accountants for Landlords: Income tax rules can be complicated for landlords in the UK, and this guide helps explain what a landlord’s tax obligations are.
Whether you own a single property or a large portfolio, having a specialist can help maximize profits and stay compliant with HMRC regulations.
Eternity Accountants expert property Accountant
As a solo landowner or investor, you are increasingly involved in a complex industry. We understand that being a landowner can be very frustrating! Legislative changes are occurring frequently and thickly, and following new regulations, including those pertaining to energy efficiency or safety, complying with these requirements can be considered an unwanted but necessary headache.
Other difficulties can be anticipated soon. Perhaps you’re responsible for addressing tenants’ issues and paying to mend property damage, or late payments on rent lead to the need to pay a mortgage from your own funds. This can all be combined to increase your demand while also increasing the cost of your time.
Reasons for Landlords Needing Specialist Accountants
Tax Rules Are Complex
Tax laws for UK landlords are very complex and they change every time. From income tax on rental profits to capital gains tax on property sales, an accountant would ensure your compliance while minimizing liabilities.
Maximizing Deductible Expenses
A lot of landlords miss legitimate deductible expenses such as these:
- Mortgage interest (with restrictions under Section 24)
- Repairs and maintenance (but not improvements)
- Letting agent fees
- Insurance and legal costs
An accountant would ensure you claim every allowable expense.
Handling Multiple Properties
If you own several properties, then the accounting becomes more complex. The specialist can help you with-
- Portfolio management,
- Cash flow forecasting,
- structuring the properties efficiently (for example, through a limited company),
Compliance with HMRC regulations.
- HMRC has very strict reporting requirements and these include
- Self-assessment tax returns and making tax digital for income tax which will be applicable starting in 2026
- Capital gains tax reporting within 60 days of the sale.
An accountant will make sure that you are keeping up with the deadlines to prevent those penalties.
