Landlord and property tax accountants in Glasgow
Rental income has to be reported, and the rules on what you can deduct have changed over the years. We prepare rental accounts and include them in your tax return, so the right costs are claimed and the income is reported correctly.
What we can help with
- Rental income and expense accounts
- Allowable costs and what cannot be claimed
- Finance cost relief on mortgage interest
- Jointly owned property and income splits
- Reporting a property disposal
- Whether holding property personally or in a company makes sense
Points landlords often miss
Repairs and improvements are treated differently, mortgage interest relief is restricted for individuals, and gains on disposal have their own reporting timetable.
- Keep records of every property cost and receipt
- Repairs and capital improvements are treated differently
- Finance costs are restricted for individual landlords
- Property disposals have separate reporting deadlines
- [VERIFY AGAINST CURRENT HMRC GUIDANCE BEFORE PUBLISHING] relief rules, rates and reporting windows
How it works
- 01
Send the property figures
Rent received, agent statements, mortgage interest and costs.
- 02
We prepare the accounts
One set of rental accounts per property or for the portfolio.
- 03
Into the tax return
We include the property pages and calculate the tax.
- 04
Plan ahead
We flag anything worth thinking about before the next year.
Common questions
Related services
Get your numbers settled.
Tell us what you need help with and we'll take it from there.