Landlord Accounting
(Buy to let properties)

Thinking of becoming a landlord? Unsure about the tax or legal implications? Read on to find out more.

Landlord accounting is our service which we provide to clients who are receiving rents either from unfurnished properties or holiday let accommodation.

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Call us on: 01252 409477 or

Why is accounting essential for landlords?

It is essential when becoming a landlord that you have a great accountant. Being a landlord is a huge responsiblity, and the cost of getting things wrong can be vast. Both in terms of time and tax. We offer specific landlord accounting services to enable you to keep on top of your tax and legal obligations, so you can rest easy knowing that everything is taken care of.

Important considerations for first-time landlords:

Self-Assessment: if you personally receive rental income you must register for self-assessment and complete a tax return annually. This is to ensure that HMRC is able to calculate your tax correctly.

Limited company: if you have several properties, it may be more tax efficient for you to hold these within a Limited Company. Although it is not a requirement for you to do so.

Is your property your main residence? If not, when you come to sell it you may be subject to Capital Gains Tax (CGT). Previously you could report the sale on your next self-assessment tax return and pay the tax due then. Since April 2020 you are required to report and pay the CGT within 30 days of the completion date of the sale of the property.

Advice: find a specialist accountant for landlords (such as us) to advise you properly. The government's legislation changes all the time, so it is important to choose someone who you like working with, and who can give you the most up-to-date advice.

As a landlord why should I choose Fernhill Accountants?

We are able to help you get the figures right for your tax return either from Landlord Statements from a lettings agency, or from income and receipts supplied by you if you manage properties yourself. We can also assist you in reporting the sale(s) of your buy to let properties. Managing multiple properties yourself can be a challenge, not least because of all of the legislation that you have to conform to. Let us help you take the pain away by managing the tax and the financials for you.
Landlord accounting

"we can take away the stress and let you get on with what you do best".

How can Fernhill Accountants help?

We will ensure your rental profits are correctly calculated
We will help you to legally save tax
We provide complete peace of mind. Your tax returns will be filed on time
We will prevent you from receiving hefty fines and penalties
By working with us, you will save time and stress
Tax returns can be complicated and easy to get wrong, so let us do them for you!
"We enjoy working with our clients and helping them to manage their properties in the most tax efficient ways. Becoming a landlord for the first time can be overwhelming, but we are here to help". - Fernhill Accountants.
We really appreciate you taking us on and sorting us out
"You are very aware of our personal circumstances and are very tolerant and understanding. Thank you".
You have the patience of a saint with two people who are a bit green and disorganised. We really appreciate you taking us on and sorting us out. I am sure many would not want the hassle but you are very aware of our personal circumstances and are very tolerant and understanding. Thank you.
Sheila Newey, Owner and Landlord.
Landlord Accounting client

We look forward to hearing from you!

Get A Free Initial Consultation Today

Call us on: 01252 409477 or

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Chartered Certified Accountants in Farnborough, Hampshire

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