Private Landlords
Clearer accounts for your rental property
Owning a rental property brings more paperwork than the monthly rent payment suggests.
Letting-agent statements, repairs, insurance and other costs all need organising. Taxlite helps private landlords bring their records together and understand their tax reporting responsibilities.
Birmingham & Syston, Leicester
Support for the numbers behind your property
Whether you let one property or several, it helps to have a consistent way of recording income and spending.
We work with private landlords to prepare rental information, review relevant costs and make tax reporting easier to manage.
How we can help
- Rental income calculations and Self Assessment support.
- Organising letting-agent statements and property records.
- Reviewing the tax treatment of property expenditure.
- Keeping information clear for jointly owned properties.
- Tax planning discussions before significant changes.
- Reviewing Making Tax Digital requirements.
A practical perspective
Keep the detail behind each expense
“Work on the property” is not always enough information to determine the correct treatment.
Keep invoices showing what was done, when it happened and which property it relates to. Tell your accountant about purchases, disposals, changes in ownership or changes in how a property is used.
For landlords within Making Tax Digital, digital records of property income and expenses form part of the requirements.
Frequently asked questions
Get your rental records in order
Bring us an outline of your properties and current arrangements, and we’ll discuss the support you need.