Property Landlords
We understand that there are a lot of things to consider when you’re a landlord. That's why our experienced accountants are on hand to help.
Get StartedWhy do landlords need an accountant?
Owning and managing properties can be become overwhelming very quickly, even if you’re an experienced landlord with an existing portfolio. With just the day-to-day running of your business taking up a lot of your time, the last thing you want to have to worry about is managing your rental accounts as well. Not to mention how challenging it can be to make sure all your paperwork and tax returns are accurate before submitting to HMRC.
As specialist accountants for landlords, we can offer unlimited advice and support in all areas of accountancy and tax and act as your reliable, long-term financial partner. For example, helping you decide which of your properties is classed as your principal private residence, and ensuring that you meet your Report & Pay obligations when you make a sale. Our team will be on hand throughout your landlord career always ensuring your accounting and tax obligations are met, on time, every time.

How can our accounting services help you?
Being a landlord is not an easy job, whether you’re just getting started in property investment or have already built up a large portfolio.
Jan McDermott Chartered Accountants have many years’ experience in landlord accounting and we can help you at any stage.
Personal or company ownership?
We can advise you on how to own your properties in the most tax efficient manner whether that is owning them personally, through a limited company or in a combination of the two.
Tax Relief on Finance Costs
Tax relief for landlords is a complex area but we make sure you get the the correct amount of relief available to you so that you pay the right amount of tax and not a penny more!
Capital Gains Tax on the sale of a second property
Recent changes to legislation mean that sales of investment properties need to be reported to HMRC within 60 days.
We will do this for you ensuring that you claim any reliefs available to you so that you pay as little CGT as legally possible.
How We Can Help

Unlimited professional advice
Our team are on hand to offer you business support and answer any questions about tax and accounts that you may have.

The personal touch
When you’re one of our clients we will get to know you and your business in detail to understand your challenges and help you overcome them with a warm and friendly approach.

Real-time data anytime you need it
Our financial skills and knowledge mean you can have access to real-time financial data and key figures so you can confidently take your business to the next level.
Frequently Asked Questions
Ultimately, the choice depends on certain factors such as income, portfolio size, and long-term goals. When you own personally, this means rental income is taxed as personal income, however higher-rate taxpayers may face less tax efficiency due to limited mortgage interest relief. However, owning a property through a limited company allows full mortgage interest deductions and access to a lower corporation tax rate but may involve extra costs and double taxation when profits are extracted. Your circumstances determine your best option, so consulting an accountant is recommended for tailored advice.
Recent changes have altered how mortgage interest is treated for tax purposes. Since April 2017, Property landlords can no longer deduct the full amount of mortgage interest from rental income. Instead, mortgage interest relief is limited to a 20% tax credit, regardless of your income tax bracket. This can result in a higher tax bill for higher-rate taxpayers. Other costs like maintenance and repairs are still deductible, however it’s important to understand the current regulations to ensure you’re claiming the correct relief. Our team of expert accountants can help you navigate these changes and optimise your tax position.
We offer an accounting software called Xero, which assists tracking rental income and expenses in real-time, automate recurring transactions, and generate financial reports. It ensures accurate records and simplifies tax filing. Our team can help to set up and manage the system, categorise your income and expenses correctly, and provide ongoing support to optimise your financial tracking and tax planning.