Rental Business Accounting
UK residential landlords face evolving tax rules including Section 24 mortgage interest relief restrictions (now limited to a 20% tax credit), the requirement to report and pay CGT on property disposals within 60 days, additional SDLT surcharges on buy-to-let purchases, and the Furnished Holiday Let (FHL) regime changes. Landlords with income over £50,000 will soon fall under Making Tax Digital for Income Tax.
Our rental business accounting services cover tenant billing and rent collection tracking, mortgage interest tax credit calculations, allowable expense management (repairs vs improvements distinction), CGT reporting on property sales, SDLT planning for portfolio expansion, and Self Assessment return preparation. We help landlords stay compliant with HMRC while minimising their tax liability through legitimate planning.
What's Included
Comprehensive services tailored to your industry needs
Industry-Specific UK Expertise
Key UK Challenges
Complexities you face
- Calculating the Section 24 tax credit correctly — mortgage interest now only gives a 20% tax reduction
- Meeting the 60-day CGT reporting and payment deadline on residential property disposals
- Distinguishing between allowable repairs (revenue deduction) and capital improvements (no deduction until sale)
- Managing the 3% SDLT surcharge on purchases of additional residential properties
- Preparing for Making Tax Digital for Income Tax — quarterly reporting from April 2026 for landlords over £50,000
- Tracking rental income, voids, and expenses across multiple properties in a portfolio
Tax Considerations
HMRC rules & reliefs
- Section 24 — mortgage interest relief restricted to basic rate (20%) tax credit for individual landlords
- CGT on property — 18% (basic rate) or 24% (higher rate) on residential property gains
- 60-day reporting — CGT on UK residential property must be reported and paid within 60 days of completion
- SDLT surcharge — 3% additional SDLT on second homes and buy-to-let properties
- Replacement of domestic items relief — deduction for replacing furnishings in residential lets
- Incorporation — transferring a rental portfolio to a limited company can unlock full mortgage interest deduction
How We Help
Our tailored solutions
- Multi-property portfolio accounting with property-by-property income and expense tracking
- Section 24 tax credit calculations and impact modelling on your overall tax position
- 60-day CGT reporting and payment submissions to HMRC on property disposals
- SDLT planning including multiple dwellings relief on portfolio acquisitions
- Making Tax Digital preparation — quarterly digital record-keeping and submissions
- Incorporation modelling — cost-benefit analysis of transferring portfolio to a limited company
Ready to Simplify Your Rental Business Finances?
Get a free consultation with our industry specialists and discover how we can help your business thrive.
Explore More