You want reliable annual reporting
Agent statements and bank records need converting into a complete rental result with clear support for each claim.
Landlord accountants in LondonRental accounts and tax returns with property expertise built in.
We prepare rental accounts and tax returns for landlords in London and across the UK, while keeping finance costs, ownership, losses and future property decisions in view.
- Advisers with Big Four and Top 20 firm backgrounds
- Response in hours not days
- Fees agreed upfront
Expert perspective
Start with the properties, ownership and records.
We help individual landlords, joint owners, non-resident landlords and property companies with their rental accounts and tax compliance. The work starts with who owns each property, the income received, the costs incurred and any changes during the year.
For individual landlords, personal tax services start from £400. Company accountancy packages start from £150 per month. A portfolio quote reflects the number of properties, ownership arrangements, records and returns required. Separate owners or entities may require separate engagements and fees.
We agree preparation of rental schedules, relevant tax returns and payment explanations within the compliance scope. Property purchases, sales, ownership transfers, incorporation, historic undeclared income and substantial tax planning are reviewed and priced separately where needed.
When this matters
Recognise the point at which advice adds value
The best result usually comes from reviewing the position before documents are signed, money moves or a filing deadline becomes urgent.
Works have been substantial
Refurbishment, replacements and improvements need classification between current deductions and capital cost.
Property is jointly owned
The reported split needs to match beneficial ownership and any special rules or declarations that apply.
Cash return is unclear
Mortgage principal, interest, voids, arrears and capital spend make taxable profit a poor proxy for cash performance.
The technical review
The areas we bring into one review
Good advice connects the tax analysis to the records, legal steps, cash position and longer-term objective.
Rental income
Rent, service recoveries, deposits retained, insurance receipts, arrears and amounts collected by managing agents.
Allowable expenses
Repairs, agent fees, insurance, service charges, utilities and other costs tested against the property income rules.
Finance costs
Interest and funding charges separated from capital repayments and treated according to the owner and property structure.
Capital expenditure
Acquisition costs, improvements and non-deductible works captured for capital-gains or capital-allowance purposes where relevant.
Ownership and losses
Beneficial interests, jointly held income, property-business losses and transfers between owners reviewed for consistency.
Wider return
Rental profit combined with employment, dividends, gains and reliefs to calculate liabilities and future payments on account.
What changes the answer
The deduction depends on what the cost did, not what the invoice calls it.
Repairs, replacements and improvements can look similar in bookkeeping but have different tax effects.
- 01Did the work restore the property, replace a component or create a materially improved asset?
- 02Was the property in a lettable condition and used in the rental business when the cost was incurred?
- 03Does the invoice separate qualifying work from private, capital or non-property items?
- 04Which evidence should be kept for an annual deduction, a future disposal or a possible HMRC review?
How UA Tax works
From rental records to an approved and filed return
Agree the portfolio scope first, then reconcile the records and explain the payment position.
Confirm the portfolio and scope
Tell us the properties, owners, changes, prior returns and deadline. We agree the work, fee and secure document route.
Reconcile and classify the records
We review gross rents, agent deductions, costs, borrowing and capital works, and raise the queries needed for the rental schedule.
Review the return and calculation
You receive the draft for approval, with relevant assumptions, finance-cost treatment, losses and payments explained.
File and maintain the evidence
After approval we submit the agreed return, confirm filing and identify records or separate advice needed for future property decisions.
Questions worth asking
Frequently asked questions
Can mortgage repayments be deducted from rent?
The capital element of a loan repayment is not a rental expense. Interest and certain finance costs have their own rules, which differ between individual landlords and companies.
Is a new kitchen a repair or an improvement?
It depends on what was replaced, the standard and functionality before and after, and whether the works form part of a larger improvement. Invoices and contemporaneous photographs can help support the analysis.
How are rental losses used?
Property-business losses are generally carried forward against future profits of the same property business, subject to specific rules. They do not usually reduce unrelated salary or dividend income.
Do I need separate bank accounts for each property?
It is not normally a tax requirement, but a dedicated property account or disciplined coding process makes reconciliation and evidence much stronger.
Can I claim costs incurred before the first tenant moved in?
Some pre-letting costs may be treated as incurred on the first day of the property business if they meet statutory conditions and would otherwise have been allowable. Capital and private costs remain excluded.
Do you handle Making Tax Digital for landlords?
We help assess when digital record and quarterly reporting obligations apply, choose an appropriate workflow and keep year-end tax adjustments under control as the rules take effect.
Can you act for a landlord with only one rental property?
Yes. We work with individual landlords as well as growing portfolios. We agree the scope and fee based on the ownership, records and wider tax return.
Can you help with a property company as well as my own return?
Yes. We can coordinate company accounts, corporation tax and the owners’ personal returns, with each entity’s responsibilities and fees agreed clearly.
Which records should I send for my rental tax return?
Start with property and ownership details, gross agent statements, directly received rents, invoices, bank records and lender statements separating interest from capital repayments. Flag purchases, sales, substantial works and missing information. Use our landlord records guide below and send documents through the secure route we agree.
Can you help if I live overseas or have missed rental income?
Yes. Overseas ownership and historic rental omissions need specific review rather than simply adding figures to the current return. Our Non-Resident Landlords and Let Property Campaign services explain the separate work; we agree the appropriate scope first.
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Put your rental accounts and tax returns on a clear footing.
Tell us how many properties you own, whether they are held personally or through a company, and your next deadline. We will agree the records needed, scope and fee.