Landlord Accounting & Property Tax Support
Owning property can be a valuable long-term investment, but managing the tax implications has become significantly more complex in recent years.
Changes to mortgage interest relief, additional reporting requirements and evolving HMRC rules mean landlords now need clearer guidance than ever before.
At BAS Associates, we support landlords across the UK with structured accounting and tax advice that helps them stay compliant, understand their obligations and plan their property investments more effectively.
Whether you own a single rental property or manage a growing portfolio, we help ensure your property income is reported correctly and your tax position is carefully considered.
Accounting and Tax Support for Landlords
Rental income must be reported to HMRC and included within your Self Assessment tax return. However, property tax involves more than simply declaring income and expenses.
We support landlords with a range of accounting and tax services, including:
Preparation of rental income accounts
Capital Gains Tax calculations on property sales
Ongoing support with HMRC enquiries
Self Assessment tax returns including property income
Structuring ownership between individuals or spouses
Reviewing property ownership structures
Advice on allowable expenses and deductions
Our aim is to provide clarity and structure so that landlords understand both their current tax position and the long-term implications of their property investments.
Understanding Allowable Expenses
One of the most common areas of confusion for landlords is understanding which expenses can be deducted against rental income.
Typical allowable costs may include:
- Letting agent fees
- Property repairs and maintenance
- Insurance premiums
- Service charges and ground rent
- Replacement of domestic items such as appliances or furniture
- Professional fees such as accountancy services
However, some costs are treated differently for tax purposes, particularly where improvements or capital works are involved.
We help landlords distinguish between repairs and capital improvements so that income and expenses are reported correctly.
We don’t charge for ad hoc advice so always encourage clients to contact us with questions ahead of making any purchases so we can give the right advice and support at the right time.
Mortgage Interest Relief Changes (Section 24)
Changes to mortgage interest relief rules have had a significant impact on many landlords.
Previously, mortgage interest could be deducted as a normal expense. Under the Section 24 rules, landlords now receive a basic rate tax credit instead, which can increase tax liabilities for higher-rate taxpayers.
This change means some landlords are now paying tax on profits that are higher than their actual cash income.
We help landlords review how these rules affect their position and consider whether alternative ownership structures or long-term planning may be appropriate.
Download Our Landlord Tax Guide
To help landlords better understand their responsibilities, we have created a Landlord Tax Guide covering:
- Rental income reporting requirements
- Allowable expenses
- Mortgage interest relief changes
- Capital Gains Tax on property sales
- Preparing for Making Tax Digital
Download the guide to ensure you are managing your rental income correctly.
Who we work with
Our landlord accounting services are particularly suited to:
- Individuals with one or more rental properties
- Couples jointly owning property portfolios
- Landlords considering future portfolio growth
- Property investors reviewing their ownership structure
- Landlords planning property sales or disposals
Many of our landlord clients are also business owners or professionals with multiple income streams, so we ensure property income is considered alongside their wider tax position.
Why BAS Associates?
We understand that property ownership is often part of a long-term financial strategy rather than a short-term investment.
Our role is to help landlords stay compliant, understand changing tax rules and make informed decisions about their property portfolios.
Clients value our clear explanations, structured approach and the reassurance that their tax position is being carefully managed.
Landlord Property Tax FAQs
Speak to a Landlord Accountant
If you would like support with your rental accounts, tax returns or long-term property planning, our team would be happy to help.
Contact BAS Associates to discuss your property portfolio and ensure your tax position is structured effectively.