Landlord Accountants in London
Our Landlord Accountants in London support individual landlords and property companies with rental accounts, allowable expenses, Self Assessment, Making Tax Digital, company accounts and property-related tax reporting.
Landlord Accountants in London for property owners and companies.
Property accounting can range from a single rental property reported through Self Assessment to a limited company holding several properties. The correct accounting approach depends on ownership, income, expenditure, finance arrangements and the wider tax position.
Individual Landlords
Rental income and allowable expenses prepared for the landlord’s personal tax return.
Property Companies
Company bookkeeping, annual accounts and Corporation Tax for property businesses.
Multiple Properties
Organised income and expenditure records across a growing residential property portfolio.
Rental Accounts
Record rent received, property costs, management charges and other relevant transactions.
Making Tax Digital
Digital records and quarterly updates for landlords who fall within MTD for Income Tax.
Tax Reporting
Connect property records with Self Assessment or company tax reporting as appropriate.
Good landlord accounts start with clear property records.
Landlords generally pay tax on rental profit rather than simply on the rent received. That means the underlying income and allowable costs need to be recorded correctly.
HMRC lists a number of normal day-to-day costs that can potentially be deducted when they meet the relevant conditions. Improvements and capital expenditure are different from ordinary repairs and should not simply be treated as routine rental expenses.
For official guidance, see GOV.UK guidance on paying tax on rental income .
Individual landlord and property company accounts are not identical.
How a property is owned affects how rental income is reported. An individual landlord normally deals with property income through Income Tax and Self Assessment, while a property held through a company forms part of the company’s accounting and Corporation Tax position.
Individual Landlord
Property Company
Making Tax Digital has changed reporting for some landlords.
MTD for Income Tax became mandatory from 6 April 2026 for landlords and sole traders whose qualifying income exceeded £50,000 under the relevant test, unless an exemption applies.
Landlords within MTD need compatible software to create and maintain digital records and send quarterly summaries to HMRC. Quarterly updates do not replace the annual tax return process.
The qualifying-income test can include both property and self-employment gross income, so landlords with another business may need to consider the combined position rather than looking only at rent.
Check the official HMRC Making Tax Digital guidance .
Common tax questions from landlords and property owners.
Key points around rental income, expenses, mortgage finance costs, limited companies and Making Tax Digital.
01 What expenses can a landlord normally claim?
Depending on the circumstances, allowable expenses can include items such as letting-agent fees, insurance, repairs and maintenance, utilities paid by the landlord, ground rent, service charges and certain professional fees. Improvements and capital expenditure can have different tax treatment.
02 Can an individual landlord deduct mortgage interest from rental profit?
For individual landlords of residential property, qualifying finance costs are generally restricted rather than deducted directly from rental profit in the usual way. Relief may instead be given through a basic-rate tax reduction, subject to the detailed rules.
03 Do landlords need Making Tax Digital?
Some do. MTD for Income Tax became mandatory from 6 April 2026 for landlords and sole traders with qualifying income over £50,000 under the relevant test, unless exempt. The threshold falls to over £30,000 from April 2027 and over £20,000 from April 2028.
04 Is MTD based on rental profit or rental income?
The qualifying-income test uses gross qualifying income before expenses rather than taxable profit. Relevant self-employment and property income can also need to be considered together.
05 Should I buy rental property personally or through a limited company?
There is no single answer for every landlord. Personal and company ownership can have different tax, financing, extraction and administrative consequences. The position should be reviewed using your circumstances and future plans before a property purchase or restructuring.
Need help with your rental property accounts?
Speak to our Landlord Accountants in London about rental income, property expenses, Self Assessment, Making Tax Digital, bookkeeping and property company accounts.