If you’re a landlord in the UK that rents out your property, you must declare this to HMRC. Even if you aren’t making a profit, or if you’re spending it all on improving your property, you do still need to tell the tax man each year. You’ll also need to declare any other sources income, whether that’s a regular job or through self-employment.
Accounting can be a time consuming process, and as a landlord you’ll understand that time is money, which is why we offer comprehensive accounting services specifically for landlords. Whether you own one property or multiple, it’s easy to get caught out with the ever-changing legislation, so let us handle the paperwork so you can focus on your portfolio.
WHY USE DEAD SIMPLE ACCOUNTING?
We provide landlord accountant services to people all over the world. Helping our landlords through the entire process is what we do best; from registering, to advising on tax allowable expenses and preparing & submitting their tax returns. We can advise on further expenses for your tax return and minimise your tax liability.
But don’t just take our word for it, we’re also rated 5 stars across Google and Facebook.
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Our Pricing
At Dead Simple Accounting we charge just £275 including VAT for self-assessment tax returns, and can take you through the entire process.
If you’re interested in other services, such as setting up a company or payroll, head over to our quote page for a free and instant estimate.
WHAT EXPENSES CAN I CLAIM AS A LANDLORD?
Our team of qualified accountants can guide you through all the different expenses that you can include on the tax return, so that you can save tax. We’ve listed below some of the most common expenses for landlords:
- Mortgage interest (not the capital repayment element)
- Accountancy fees
- Advertising
- Building Insurance
- Cleaning costs
- Council Tax
- Estate Agent fees
- Gardening
- Ground Rent
- Landlord Insurance
- Legal fees
- Repairs and Maintenance
- Service charges
- Travel costs
- Utility bills e.g. water, gas and electricity
As with anything tax related, it’s vital that you keep hold of paperwork related to any of the above expenses.
Need Some Further Help?
If you have any further questions or would us to help with your tax needs, get in touch with us today.
Useful Resources
These days there’s an abundance of tools and resources at your disposal, software that handles your invoices and expenses, to mobile based banks that cut the boring paperwork.
We only work with the best of the best, and have partnered with several big names to offer you various goodies when signing up.
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