Specialist Accounting for Landlords and Property Investors
Whether you own a single buy-to-let or a growing property portfolio, Gro Profit First Accountants understand the tax complexities of rental income. We handle your self assessment, maximise your allowable deductions, advise on the best ownership structure, and ensure you're fully compliant with HMRC — all for a fixed monthly fee.
Rental Income Tax Returns
Landlords must file a self assessment tax return declaring all rental income. We ensure every allowable expense is claimed — mortgage interest (at basic rate), letting agent fees, insurance, repairs and maintenance, accountancy fees, travel to properties, and more. We file well before the deadline so you know exactly what you owe.
Should You Use a Limited Company?
Since the mortgage interest restriction came into effect in April 2020, higher-rate taxpayers pay significantly more tax on rental income held personally. For landlords building a portfolio, holding properties through a limited company can offer substantial tax advantages. We'll model both scenarios and advise on the right structure for your situation.
Capital Gains Tax on Property Sales
Selling a rental property triggers a Capital Gains Tax liability that must be reported to HMRC within 60 days of completion. We calculate your CGT liability, apply all available reliefs (principal private residence relief, letting relief, annual exemption), and handle the reporting for you.
Making Tax Digital for Landlords
From April 2026, landlords with property income over £50,000 will need to comply with Making Tax Digital for Income Tax. This means quarterly digital submissions to HMRC. We handle the entire MTD process for you — software setup, quarterly filings, and year-end declarations.