Through the year
Records kept as the rent comes in.
What's included
- Rent received and agent statements recorded
- Costs matched to receipts and invoices
- Questions raised while the details are fresh
Plain-English bookkeeping for small UK businesses
HomeLandlords
If you rent out property, we prepare and file your Self Assessment tax return, work out which costs you can claim, and explain how Making Tax Digital applies to you.
Rental income is reported through Self Assessment, and for most landlords the tax return is the main job of the year. We prepare it from your rental records, send you the figures to approve, and file it with HMRC before the 31 January deadline. You also get a clear note of the tax due and your payment dates, including any payments on account on 31 January and 31 July.
If your rental income for the tax year is £1,000 or less, the property allowance may mean you do not need to declare it. Above that, you need to be registered for Self Assessment, and the deadline to register is 5 October after the end of the tax year. Our Self Assessment page explains the full process.
Who it's forIndividual landlords with one property or several, whether you use a letting agent or manage the tenancy yourself. It also suits accidental landlords who now rent out a former home, and anyone who has inherited a property with a tenant in it.
The tax on rental income is worked out on profit, not on the rent itself, so getting the costs right matters. In general terms, you can deduct costs incurred wholly for the letting, such as:
The line between a repair and an improvement is a common source of mistakes. Replacing a worn kitchen with a similar one is usually a repair; extending the property is not. For most residential landlords, mortgage interest is not deducted as a cost either. Instead it gives a tax credit at the basic rate. We sort each cost into the right place and explain anything that has been treated differently from what you expected.
Making Tax Digital for Income Tax changes how many landlords report. From 6 April 2026 it applies to sole traders and landlords with qualifying income over £50,000. That falls to £30,000 from April 2027 and to £20,000 from April 2028.
Records kept as the rent comes in.
What's included
The return built from those records.
What's included
Keeping the records monthly through our bookkeeping service is optional for landlords with one or two properties. Many landlords simply send everything once a year. Either way, the return comes from figures that have been checked.
Many of London's rented homes are flats in converted houses, with ground rent, service charges and shared repair bills that need careful treatment. We are based in Camden and can help landlords with property anywhere in London, including Islington and Kentish Town, and UK-wide.
Each owner usually reports their own share of the income and costs on their own return. We can prepare the returns for each owner together, so the figures agree.
Yes. A property company files annual accounts and a Company Tax Return instead. See our page on year-end accounts and Corporation Tax.
File as soon as possible, because the penalties grow over time. Our guide on missing the Self Assessment deadline sets out what happens next.
Talk to us. It is generally better to tell HMRC before they contact you, and we can explain the options on a free call.
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Book a free 20-minute call and we will look at your properties and your deadlines.