It doesn’t matter how many rental properties you have and whether they are commercial or residential. If you cannot manage your accounts and books, your business could suffer down the road. You might even need to deal with the HMRC. Thankfully, you don’t have to navigate landlord responsibilities on your own. Our property accountants will provide the support you require for a more rewarding and smoother landlord experience.
With Allenby Accountants, you won’t have to worry about accounting and bookkeeping. You can leave those to us while you focus on your tenants and rental properties. We have years of experience helping property owners with carefully tailored service plans to reduce expenses, ensure timely and correct tax filings, and maximise tax efficiency. Read on to understand how our property accountant can support you.
Reduce your expenses
Are you spending more tax on rental income? Our property accountants can look into all possible expenses incurred from travel, phone calls, letting agent fees, council tax, service charges, maintenance, and repairs. We can identify deductible expenses to increase your savings.
Do you own a property as a Joint Tenant with your partner? If an income gap exists between your earnings, we can allocate rental income to the partner with the lower income to avoid a higher rate tax band.
Our property accountants can also advise you on tax-efficient ownership for buy-to-let property. We will help you navigate the updates to the rental income tax structure for these properties so you can increase your profits and save more down the line.
Discover LESA
At Allenby Accountants, our property accountant is qualified to assist in filing a claim for the Landlord’s Energy Savings Allowance. This lets you claim against expenses on energy-efficient measures, such as draught-proofing, loft insulation, tank and pipe lagging, and solid wall insulation. You could get up to £1,500 on every dwelling.
Comprehensive support for landlords
Our property accountants are also qualified to liaise with the HMRC, negotiate favourable terms, and file tax returns. We also work with landlords who live outside the UK and those who want to take advantage of the rent-a-room allowance.
Contact us today for a free, no-obligation consultation to learn more about our landlord services. Call 0208 914 8887 or request a quote here.
