UK Landlords

Landlord Tax Accountant Services

At Martax Accountants, we are experienced Landlord Tax Accountants offering expert tax advice and compliance support for landlords across London and Surrey. As a trusted Buy to Let Tax Specialist, we provide fixed-fee landlord tax return services to both UK residents and overseas landlords, helping to minimise tax liability and ensure full HMRC compliance.

Specialist Services for Buy to Let Landlords

If you own a property in the UK and receive rental income, you have certain obligations to HM Revenue and Customs (HMRC). Our team of Buy to Let Tax Accountants can assist with all your responsibilities as a landlord. Whether you’re renting out a single room, managing multiple buy to let properties, or running a Furnished Holiday Let (FHL), we provide tailored support to suit your situation.

Our Landlord Tax Accountant services are available across the UK and internationally. We serve clients in London, Kingston Upon Thames, Wimbledon, Cobham, Weybridge, and throughout Surrey, as well as overseas landlords with UK rental income. As experienced Buy to Let Tax Accountants and Property Tax Advisors, we provide expert tax support to landlords nationwide and worldwide.

What We Offer as Your Property Tax Advisor

Whether you’re just starting out as a landlord or managing a portfolio, our experienced Property Tax Advisors provide:

• Expert guidance on allowable expenses
• Tax-efficient planning for buy to let properties
• Accurate preparation of rental accounts
• Timely submission of tax returns to HMRC
• Full support with HMRC correspondence
• Fixed-fee quotes with no hidden costs

Fixed-Fee Landlord Tax Return Services

Our fees for landlord tax return services depend on factors such as the number of buy to let properties, type of lettings (residential, commercial, short-term or long-term), and your residency status. After an initial consultation, our Buy to Let Tax Specialists will provide a transparent, fixed-fee quote. For more details and guidance on our fee structure, please visit our page Fixed Fees Landlord Tax Return services

Understanding Property Income and Tax Liabilities

What is Income from Property?

Income from UK property includes rental income from houses, flats, or part of a property (e.g. rooms or parking spaces). It also includes income from related land-based activities such as fishing or shooting rights. This differs from income generated by trades such as farming or running a hotel.

Do I Need to Pay Tax on Property Income?

Yes, if your property profits exceed your personal allowance or available reliefs, you must pay tax. The amount depends on your total income from all sources, including employment, dividends, or savings.

Key Responsibilities as a Landlord

As a landlord, you must:

• Register for Self Assessment with HMRC by 5 October following the end of the tax year in which you received rental income
• Report your rental income and expenses on your Self Assessment tax return
• Pay income tax on any taxable profit

Calculating Your Taxable Rental Profits

Taxable rental profits are calculated using the accrual basis (i.e., rent due minus allowable expenses). This may differ from actual payments received or made during the year.

Special rules apply if you are:

• Renting a room in your home
• Letting a Furnished Holiday Let (FHL)
• Renting out property while living overseas
• Letting a foreign property

Allowable and Non-Allowable Expenses

Common Allowable Expenses:

• Letting agent fees and commissions
• Property repairs and maintenance
• Water charges, council tax
• Landlord insurance premiums
• Mortgage interest (subject to finance cost restrictions)
• Services such as cleaning or gardening
• Accountant’s fees
• Legal and professional fees
• Advertising for tenants
• Business-related travel costs

Expenses Not Allowed:

• Full mortgage repayments (only interest may be allowable)
• Personal phone or travel expenses unrelated to the rental
• Any private costs not wholly related to the letting business

Property Business Losses

If your expenses exceed rental income, you may have a property business loss. This can usually be carried forward and offset against future UK property profits, but not against income from Furnished Holiday Lets or overseas properties.

Rent a Room Relief

If you let a room in your main home, you may qualify for Rent a Room Relief. If your gross income is under £7,500 in the tax year (before expenses), the income is exempt from tax.

Overseas Property Income

If you rent out property overseas, you must report it separately. The same calculation rules apply, but any losses from overseas properties can only be offset against future overseas rental income. If you’ve paid tax abroad, you may be able to claim relief against your UK tax bill.

Contact Martax Accountants today to speak with a qualified Landlord Tax Accountant or Buy to Let Tax Specialist and take the stress out of managing your property tax obligations.