Landlords

You & your family

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Accounting for landlords

Buying a property can provide you with a steady income which appreciates over time. It’s not surprising that a large number of our clients choose to invest in property, and many become landlords.

We offer a full range of accounting and tax services for landlords, and can provide you with advice regarding all tax aspects of buying, selling and letting property.

Self assessment tax return

As a landlord, you might not consider yourself to be self-employed or a small business owner but, if you’re making money from renting out a property, HM Revenue & Customs (HMRC) may require you to fill in a self assessment tax return. This can be a daunting prospect, but our tax advisors can help you with this.

Buy to let landlords

When you rent out a property you’re liable to pay income tax on the difference between the rents you have charged in a tax year and any allowable expenses and charges. We can help make sure you claim the expenses and reliefs you are entitled to, and minimise the tax you pay.

Furnished holiday lets

A furnished holiday let is classified as a ‘trade’ by HMRC, so gains from certain benefits and allowances that are usually only available to normal trading businesses. We can advise you on the criteria required to qualify for these special tax advantages.

Letting rooms in your home

You may not pay tax if you let rooms in your own home and the total rental income is less than £7,500 per tax year. Our experts can talk to you about the conditions required in order to apply this exemption.

Accounting and tax services for landlords

Whether you are operating as a buy to let landlord, a furnished holiday let business, or simply receiving rent from letting a room in your home, our experts will be on hand to advise you.

Speak to a landlord taxes expert

Laura Adkins

Laura Adkins

Director

Witney

HMRC struggles to cope with tax changes – so how can the rest of us get to grips with it?

Owen Kyffin

Director

Banbury

Marie Morgan

Marie Morgan

Director

Bicester

Change to Whitley Stimpson

Step 1

Confirm to your accountant that you wish to move to Whitley Stimpson

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Step 2

Supply Whitley Stimpson with your existing accountant’s details

Step 3

Relax. We’ll handle the rest.

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Partners in your progress

Talk to us about your rental property and we’ll make sure you’re claiming the right expenses and reliefs, and minimising the tax you pay.