Property & Lettings

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The UK property rental sector continues to grow from traditional long-term lets to the rising popularity of short-term holiday lets via platforms like Airbnb and Booking.com. However, with growth comes complexity. HMRC has increased scrutiny on landlords, especially with online platforms now required to share income data directly with HMRC, making full transparency and compliance more critical than ever. 

Why an Accountant is Needed: 

Managing property income can quickly become complex, especially with the ever changing tax rules from HMRC. An accountant can ensure you're claiming all allowable expenses correctly while also guiding you through schemes like Rent-a-Room relief. With online platforms like Airbnb and Booking.com now sharing income data directly with HMRC, it's more important than ever to stay compliant and avoid penalties. A professional accountant doesn’t just help with the numbers they provide valuable insights, flag potential issues before they arise, and ensure your returns are accurate and submitted on time. Whether you have one property or a growing portfolio, having an expert on your side takes the stress out of tax and helps protect your earnings. 

Self-employed or Limited Company? 

• 1–5 properties: In most cases, it’s more tax-efficient to remain a sole trader or report income under personal self-assessment. This keeps administration light and avoids the need to extract income from a company.
   
• 6+ properties or higher annual rental income: At this stage, setting up a limited company might offer Corporation Tax advantages and protect your personal assets. However, this structure also comes with its own admin duties and costs.

Pricing Guide:

• Property tax return: from £100/year
• Limited Company: from £800/year or £66/month