Rental Property Accountant: Expert Support for Landlords in the UK
Are you a landlord in the UK, dealing with the details of property income, expenses, and changing tax rules? Managing your rental properties can require a significant chunk of your time, and keeping track of your money and tax duties adds extra stress that you do not need. This is where a specialist rental property accountant truly helps.
At Worthwhile Accountancy, we provide custom landlord accounting services made for landlords, from first-time buy-to-let investors to those with a large portfolio of commercial properties. We help you make your finances more transparent, meet all rules & requirements of HMRC, and most importantly, boost your profits. Find out how our expertise in accounting for buy-to-let landlords can benefit you.
Why You Need a Specialist Rental Property Accountant
The UK property market offers great investment opportunities, with the latest figures showing that the average UK home price increased by 6.4%* (*Which?). However, it comes with its own set of tax rules. General accounting advice often isn’t enough. A dedicated rental property accountant understands the details of property income, deductible expenses, and the specific laws that affect landlords, like Section 24 and Capital Gains Tax.
Our accountants for landlords do more than just basic bookkeeping. We offer helpful advice to help you:
- Understand and follow all HMRC rules.
- Lower your tax bills legally.
- Improve your property investments’ financial results.
- Plan for future buys and sales.
Our Rental Property Accounting Services
Worthwhile Accountancy offers a complete set of services made to fit the needs of every UK landlord, whether you own homes or business properties.
Property Accountants for Commercial & Residential Portfolios
Whether you manage one home to rent out, many houses in an HMO, or a group of business properties, our team has the varied skills to help you. We know that property accountants for commercial & residential clients face different issues and chances.
For landlords focused on homes, whether you own a single buy-to-let property or manage many Houses in Multiple Occupation (HMOs) or several self-contained units, Worthwhile Accountancy offers specific help. We carefully prepare your landlord tax returns, making sure you correctly account for rental income deductible expenses, and work through the details of Section 24 mortgage interest relief changes. Our advice also covers making your tax position better through various reliefs, understanding capital allowances on fittings, and guiding you through the effects of new laws impacting residential landlords. We help you keep solid records, get clear views into how profitable each property is, and plan well for future buys or sales in the home market.
The area of commercial property accounting has special issues and challenges that are very different from residential. Our specialists provide custom advice for clients with offices, shops, industrial sites, or mixed-use buildings. This often means careful thought about VAT, including the key ‘opting to tax’ choice, which affects VAT recovery on property expenses. We also guide you through specific lease setups, more complex capital allowance rules for fixtures and fittings, and the effects of Stamp Duty Land Tax for non-home buys. Worthwhile Accountancy makes sure your commercial property accounts completely follow the rules, are tax-efficient, and give the detailed financial review needed for wise choices in this active sector.
Make Your Landlord Tax Returns Easier with Worthwhile Accountancy
Don’t let the detailed work of landlord tax returns take up your valuable time or lead to expensive mistakes. Team up with Worthwhile Accountancy, your dedicated rental property accountant, to ensure accuracy, compliance, and innovative tax planning.
We use the latest accounting tools and our deep understanding of property tax to provide a smooth and proactive service. Let us handle the numbers so you can focus on running and growing your property collection with confidence.
Ready to take control of your property finances?
Let our specialist accountants for landlords help you manage your tax duties and get the most out of your investments.
Tailored Accounting for Your Business
“We are a company based in Manchester, and Worthwhile Accountancy has supported us since 2019 on a remote basis. This works really well as they are always quick to respond to our needs/issues and we feel they are part of “our team”. Nothing is too much trouble and they keep us well informed of government changes, payment deadlines etc etc.”
FAQs
Section 24 limits how much finance costs (like mortgage interest) individual landlords can take off their rental income. Instead, you get a basic rate tax credit. This has significantly changed how profitable things are for many landlords. Our rental property accountants can explain how it affects your specific situation and offer ideas to lessen its impact.
Absolutely! This is a common situation. We can help you organise your current records, set up efficient ways to keep books, and even suggest good property accounting software to make sure your future records are neat and follow the rules. This is a core part of our service as accountants for landlords.
You can claim various “revenue expenses” used only for your rental business. Common examples include letting agent fees, legal fees for lease renewals (not property purchases), repairs and upkeep (not improvements), insurance, utility bills (if paid by the landlord), and accountant fees. We give detailed guidance on deductible expenses for your landlord tax returns.
Yes, if you sell a rental property for a profit, you will generally have to pay Capital Gains Tax (CGT). The rate you pay depends on your income tax band. There are some breaks and allowances that might reduce what you owe. Our property accountants for commercial & residential clients offer thoughtful CGT planning.
This is a complex choice with significant tax effects. For new buys, owning properties through a limited company can offer corporation tax benefits, especially for Section 24. However, moving existing properties can mean paying Stamp Duty Land Tax and CGT. We give specific advice on accounting for buy-to-let landlords to help you decide if a company is right for you.
As a landlord, you typically need to file a Self Assessment landlord tax return each year, stating your income and expenses for the tax year (6th April to 5th April). The online filing deadline is 31st January after the end of the tax year.
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“Handling your own accounts and taxation can be complex and time consuming. Lack of experience can lead to serious problems in your business, which can easily be avoided. By taking expert advice, any discrepancies are spotted early and dealt with before they become a problem.”
Nicky Nevison – Worthwhile Accountancy