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  • Week Days: 09.00 to 18.00 Sunday: Closed

Landlord Accountants Specialist - Landlords Tax Expert UK

Landlord Specialist Accountants

Property accounting and tax advice are available to you if you are a landlord or owner of a second home.

Simplified Accounting Solutions For Landlords

At Consultax Chartered Accountants, we make managing your property portfolio a breeze. Our tailored accounting solutions take the complexity out of landlord finances, from tracking rental income to handling expenses and tax deductions. We’ll ensure your books are in exact shape, keeping you compliant and maximising your tax savings. With our expert support, you can focus on growing your portfolio, knowing your financials are in safe hands. Let us help you stay on the right side of the taxman while you reap the rewards of your investments.

Our Helpful Services

Running your own business can be a daunting task. Let Consultax Chartered Accountants for Landlords take the burden of tax, accounting, bookkeeping, and payroll needs. With our expert support, you can focus on what you do best while we ensure your financial operations run smoothly and efficiently.

Meeting With Clients

We conduct regular tax planning sessions with our landlord clients to uncover valuable tax relief opportunities and support strategic decision-making. Whether it’s offering advice on refinancing, risk assessments, evaluating deals, or providing general financial guidance, we’re here to ensure you’re always ahead of the curve. Our ultimate goal is to make sure your assets are pulling their weight, working as hard as possible to grow your wealth.

Capital Gains Tax

When it comes to selling property, capital gains tax can hold large part of your profits. At Consultax Chartered Accountants, we help landlords navigate the complexities of CGT, ensuring you don’t leave money on the table. Our expert advice can help you identify tax-saving opportunities, manage exemptions, and strategise your property sales to minimise your tax liability. Let us help you keep more of your hard-earned gains, so you can reinvest with confidence.

Rental Accounts

Managing rental accounts doesn’t have to be a headache. We take the stress out of tracking rental income, expenses, and tax deductions. Our expert team ensures your accounts are in good condition, helping you stay compliant and maximise your tax reliefs. We’ll make sure every penny is accounted for, so you can focus on growing your property portfolio with confidence and ease. Let us handle the numbers, while you enjoy the rewards of your investments.

Investment Advice

When it comes to property investment, making the right moves can make all the difference. We provide tailored investment advice to help landlords grow and protect their portfolios. Whether you're seeking new opportunities or managing existing assets, our expert guidance ensures you're always one step ahead. We’ll help you navigate the financial landscape, avoid costly pitfalls, and make informed decisions that pay off in the long run. Let us help you turn your property investments into a goldmine.

Preparation Of Accounts

We’ll prepare your accounts, providing a clear picture of your yearly turnover, expenses, and profits. Our team helping you claim every expense and relief you're entitled to. With our expertise, you can rest easy knowing your finances are in order and you're making the most of available tax-saving opportunities.

Preparing Your Tax Return

If your rental income surpasses your expenses, allowances, and reliefs, you are required to pay tax on the taxable profits. We'll ensure the process is seamless, helping you navigate the numbers and minimise your liability, so you’re not caught off guard when tax time rolls around.

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Quick & affordable, avoid errors and penalties, keep your finances organised with our expert accounting services & bespoke packages.
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Frequently Asked Questions

  • What Financial Records Do I Need To Keep As A Landlord?

    As a landlord, you must keep detailed records of all rental income, expenses, receipts, invoices, and any relevant tax documents. This includes maintenance costs, insurance premiums, mortgage interest, and property-related bills. Proper record-keeping ensures you stay compliant and can maximise allowable tax deductions.

  • What Expenses Can Claim To Reduce Landlord Tax?

    As a landlord, you are eligible to claim for: • Insurance • General maintenance and repairs • Travel costs • Fees for professionals (accountancy, conveyancing and interior design) • Ground rents and service charges • Water rates, council tax, gas and electricity • Gardening and cleaning costs • Direct costs (eg phone calls, stationery and advertising for new tenants)

  • Do Landlords Need Services Of An Accountant?

    If you earn personal rental income, you're required to register for self-assessment and submit annual tax returns. If you manage a property portfolio, it can be parallel to running a Limited Company, which may prove to be a more tax-efficient structure than owning properties personally. Navigating multiple rental accounts, filing expenses, and handling tax returns can be complex, so expert guidance is essential to keep everything on track.

  • Have You Forgotten To Declare Your Rental Income?

    Failing to do so can lead to penalties and interest from HMRC. However, if you realise the oversight, you can make a voluntary disclosure to HMRC, potentially reducing any penalties. It’s always better to address the issue sooner rather than later to avoid further complications.