LANDLORDS

A Landlord is an individual who rents out a property they own under a lease or a licence that is shorter than seven years.

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If you receive rental income that exceeds your total expenses, allowances and reliefs, then you are required to pay tax on this income by submitting a tax return. If your rental property generates a loss, you may want to voluntarily disclose it because this allows you to make use of the loss in the future should the property turn profitable.

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Renting Property – Landlord Accounting

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Furnished holiday Lets – Landlord Accounting

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Letting rooms in your home