Landlord accountants in the UK
Expert property tax and accounting services

Once you’re within MTD for Income Tax, you cannot leave simply because your income falls below the threshold in a single year. HMRC allows you to opt out only if your qualifying property and/or self-employment income remains below the applicable MTD threshold (£50,000, £30,000 or £20,000, depending on your threshold entry amount) for three consecutive tax years. If you meet this condition, you can choose to leave the MTD regime and return to the standard Self Assessment process. If your property business ceases altogether, you may also be able to leave MTD sooner by notifying HMRC.

Our landlord accounting starts from £270 + VAT for a Self Assessment tax return. Fees vary by portfolio complexity — portfolio landlords, Ltd company clients, and MTD compliance packages are priced individually. We always provide a fixed-fee quote upfront with no surprises.

A landlord accountant prepares your Self Assessment tax return, advises on allowable expenses, plans around Section 24, helps with CGT on property sales, and ensures you’re compliant with HMRC — including MTD for ITSA if applicable. We also advise on structuring decisions such as incorporation.

You are not legally required to use an accountant, but the complexity of property taxation — Section 24, CGT, MTD, allowable expenses — means most landlords save more than their accountant’s fee. HMRC’s nudge letter programme also means the cost of non-compliance is rising.

Allowable expenses include letting agent fees, repairs and maintenance (not improvements), insurance, professional fees, advertising, and a portion of utility costs for furnished properties. Mortgage interest is no longer fully deductible — it now qualifies for a 20% basic-rate tax credit under Section 24.

Making Tax Digital (MTD) for Income Tax requires unincorporated landlords to keep digital records and submit quarterly updates to HMRC using compatible software, followed by a year-end final declaration. It applies based on your qualifying income from property and self-employment reported in an earlier tax year, with the first phase affecting those whose combined gross income exceeded £50,000 in the 2024/25 tax year. Limited company landlords are not currently within the scope of MTD for Income Tax.

If your combined gross rental and self-employment income exceeds £50,000 in the 2024/25 tax year, you must comply from April 2026. The threshold reduces to £30,000 for those exceeding that amount in 2025/26, with compliance required from April 2027. A £20,000 threshold will apply from April 2028 for those reaching this income in 2026/27. We recommend preparing well in advance by reviewing your records and implementing compatible software.

Yes. A limited company (typically a Special Purpose Vehicle) is increasingly used by portfolio landlords to mitigate Section 24 and retain profits more efficiently. However, SDLT, mortgage complications, and extraction costs mean it is not always the right choice. We provide a full cost-benefit analysis before recommending incorporation.

HMRC’s Let Property Campaign allows landlords with undisclosed rental income to come forward voluntarily and settle outstanding tax with reduced penalties. It is generally preferable to wait for HMRC to open an investigation. We guide clients through the disclosure process.

CGT on residential property is charged at 18% (basic rate) or 24% (higher rate) on gains above your annual exempt amount (£3,000 in 2025/26). The gain is the sale price minus purchase price and allowable costs. Planning before exchange — not after completion — is essential to maximise reliefs.

Section 24 (the ‘mortgage interest relief restriction’) removed landlords’ ability to deduct mortgage interest as an expense from 2020. Instead, a 20% basic-rate tax credit applies to the full interest amount. Higher-rate taxpayers are most affected, as they effectively pay tax on income that no longer exists after the mortgage cost.

From April 2026, landlords within the MTD for ITSA threshold must keep digital records using HMRC-compatible software such as Xero. Even before that date, maintaining organised digital records simplifies Self Assessment, reduces errors, and makes MTD transition straightforward.