Capturing Every Expense You Are Entitled To
The single biggest reason landlords overpay tax is missed expenses. Agent fees, repairs, ground rent, and insurance are the obvious ones, but most landlords also have legitimate deductions for travel, phone, professional fees, and a proportion of home office costs where they relate to the rental. We work through it properly with you, so your return reflects what the property actually costs to run, rather than what you remembered to total up at the end of the year.
Getting the Mortgage Interest Rules Right
Mortgage interest relief for landlords is one of the most misunderstood parts of property tax, and the rules have moved more than once in recent years. We apply the current treatment correctly on your return, explain how it affects your overall tax position, and flag whether your current ownership structure is still the most efficient for the way you own and finance your portfolio.
Reasons Landlords Come to Us
Most landlords manage their own tax for the first year or two, then hit a point where they realise it is costing them more in missed claims and stress than it would to bring in help.
Some of the most common reasons people get in touch:
- A second property purchase has made the tax side feel more complicated, and the spreadsheet that used to work is no longer enough.
- There is a suspicion that expenses are being under-claimed, but no time to dig into the detail of what is allowable.
- A letter from HMRC has arrived about a rental income query, and the answer is not obvious. The idea of moving properties into a limited company has come up in conversation, and the next step is not clear.
- A recent property sale has triggered a capital gains question, and the sixty day reporting window is closing soon.
- Or, increasingly common, a landlord just wants a professional second pair of eyes on their return before it goes to HMRC, because the consequences of getting it wrong have got expensive.
Talk to a Landlord and Property Accountant
If your property tax is starting to feel beyond what a spreadsheet and a January deadline can handle, we would like to hear from you. Fairbook Accounting Solutions works as landlord and property accountants for clients across Hastings, East Sussex, and the UK, with a first consultation that is free and comes with no obligation. Get in touch with our team today to get started.
Frequently Asked Questions
Do I Need an Accountant if I Only Have One Rental Property?
Not strictly, but most single-property landlords find it pays for itself in the first year. The combination of expenses captured properly and time saved at year-end is usually worth more than the fee. It also matters more now because HMRC has been increasing its focus on rental income, and a return that is right first time is worth the investment.
Is It Worth Moving My Properties Into a Limited Company?
Sometimes, and sometimes not. It is different for every landlord, and the right answer depends on your income, your mortgage position, your plans for the portfolio, and how you take money out of it. We model both scenarios for you with real numbers, rather than relying on the general advice you find online.
How Much Will Landlord and Property Accountants Cost Me?
Cost depends on how many properties you own, the complexity of your income, and whether you want year-end only or ongoing support. We quote a fixed fee up front based on what you actually need, with no hidden charges. The first conversation is free, and we are happy to talk you through it before you commit.
What Should I Do When I Sell a Rental Property?
Talk to us as early as possible, ideally before the sale completes. Capital gains on UK residential property has a sixty day reporting window to HMRC, and the calculations can be more involved than people expect, particularly if the property was once your main home or you held it jointly. Getting it right at the point of sale saves penalties and stress later.