Even if you make little or no profit, anyone who receives income from letting a property needs to complete and submit annual Self Assessment returns.
Tax reliefs and rates on property are constantly changing, and keeping up with the changes is difficult for even the most experienced Landlord - let alone knowing how to put effective tax planning in place to minimise your liabilities.
Property repair costs
Like-for-like renewals
Landlord energy savings allowance
Mortgage interest (restricted in certain cases)
Mortgage arrangement fees (restricted in certain cases)
Accounting fees
Insurance
Running costs
Gas and electricity safety certificates
Letting agent fees
Light and heating costs
Service charges / leasehold charges
Ground rent
Cleaning costs
Advertising costs
Click here to see our Packages and Pricing for Landlords and Buy-to-Let Investors.
You can register yourself for Self Assessment directly on the HMRC website.
Just click the link below to get started.