Tax Advice for Landlords

Landlords

Handling the complexities of landlord taxation can feel overwhelming. Contact FSL Accountancy Limited today for expert tax advice tailored specifically for landlords. We help you manage your property-related taxes efficiently and ensure compliance with HMRC regulations.

Our Tax Advice for Landlords

Property income tax

We provide comprehensive advice on declaring rental income correctly, ensuring you take advantage of all allowable expenses and deductions.

Capital gains tax

If you’re selling a rental property, we offer expert advice on capital gains tax, helping you understand your obligations and plan to minimise tax on the sale.

Stamp duty advice

Get guidance on stamp duty land tax (SDLT) for purchasing additional properties, ensuring you’re aware of the latest rules and rates that apply to landlords.

Furnished holiday lettings

We provide specialised tax advice if you own furnished holiday lets, explaining how this differs from standard buy-to-let properties and the tax benefits involved.

Additional Benefits

Maximising tax reliefs

We help you identify and claim all available tax reliefs, such as mortgage interest relief, wear and tear allowance, and repairs and maintenance costs.

HMRC compliance

Our team ensures you remain fully compliant with HMRC’s requirements, including deadlines for self-assessment and quarterly submissions under Making Tax Digital (MTD).

Why Choose FSL Accountancy Limited?

Our experienced team specialises in landlord tax matters, helping you manage your tax obligations smoothly. Whether you own one rental property or a large portfolio, we tailor our advice to your specific circumstances.

Tax efficiency

Strategic planning to maximise your tax savings and ensure optimal financial outcomes for your property investments.

Property Sales Expertise

Expert guidance to minimise tax liabilities when selling properties, ensuring you retain more of your profits.

Regulatory Compliance

Up-to-date guidance on changing tax regulations for landlords, keeping you complaint and informed.

With our support, you can focus on managing your properties while we handle your tax affairs.

Contact Us

Contact us today to learn more about our tailored tax advice for landlords and how we can help you manage your property tax affairs efficiently.

Phone

01582 806111

Email

Contact@fslaccountancy.co.uk

Visit Us

Unit 2, Regents Place 11 Hastings Street Luton LU1 5BE

Frequently Asked Questions

Yes, landlords must report their rental income if it exceeds the personal allowance threshold (currently £12,570). This is done through a Self-Assessment tax return, where rental income is taxed at the landlord’s marginal tax rate. For landlords earning over £10,000 from property income, the upcoming Making Tax Digital (MTD) for Income Tax will require quarterly digital submissions starting in April 2026.

Capital Gains Tax applies on any profit from the sale of a rental property. The tax rate depends on the landlord’s income tax bracket, with basic-rate taxpayers paying 18% on gains and higher/additional-rate taxpayers paying 28% for residential property. Importantly, CGT returns must be filed within 60 days of the sale, with payment due by the same deadline.

Properties that qualify as FHLs (meeting specific occupancy criteria) enjoy favorable tax treatment, such as the ability to claim capital allowances on furniture and fittings, and to deduct expenses in a manner similar to trading businesses. Additionally, FHL income can count as “relevant earnings” for pension contributions and may qualify for certain reliefs not available to other rental properties. However, on or after 6 April 2025 for Income Tax and for Capital Gains Tax, the special treatment of FHL will cease and the above benefits will no longer be available.

Get started with a free consultation!