Property tax has seen many changes in recent years, so it is important to get the right guidance. Whether you have just purchased your first rental property or manage a larger portfolio, our experts can help. We make sure you pay the correct amount of tax, giving you the freedom to focus on your work and daily commitments while still maximising your profit.
Landlords are required to pay tax on any profit made from renting out property, but the rules vary depending on the type of letting. Renting a room, letting a furnished holiday home or living abroad while renting out a UK property all have different requirements. We guide you through the Self Assessment process and ensure everything is completed accurately and on time.
There are many deductions that may reduce your tax bill, such as accountants fees, council tax, mortgage interest, cleaning costs, decorating costs and ground rents. We make sure these are claimed correctly and only where eligible, helping you keep more of your income. You do not need to struggle with paperwork or risk making mistakes when our team can handle everything for you.
We can also assist with property tax matters beyond landlord income. Many factors influence how much tax should be paid, and it is common for people to be unaware they are not fully compliant. We make sure you meet all requirements and avoid any issues with HMRC.
Here are some kind words from clients that we’ve helped grow their business.
Posted on Ged JonesTrustindex verifies that the original source of the review is Google. LJS have supported Papillon for many years, and we couldn't be happier. They're professional, reliable and have also explained everything clearly to us, which makes our lives stress free. I would highly recommend them for anyone looking for trustworthy and efficient accounting.Posted on Operations 22 VenturesTrustindex verifies that the original source of the review is Google. We have always received excellent service from LJS. Extremely friendly and professional, always quick to reply and help out with any questions. Special shout out to Keli and Sarah!Posted on Pauline CarrTrustindex verifies that the original source of the review is Google. I use LJS for my business accounts moving from another accountants last year. They are very approachable and are always on hand with any queries I may have. I can highly recommend their high standard of professional and knowledge. Don’t hesitate to contact them if you are looking for an accountant or looking to change accountants.Posted on Paul MangerTrustindex verifies that the original source of the review is Google. An extremely professional, knowledgeable and friendly service. Can highly recommend.Posted on Kevin JonesTrustindex verifies that the original source of the review is Google. LJS have supported GKW Ltd business for a number years, giving us a reliability and efficient service covering all of our accounts, payroll and company compliance requirement's.Posted on Ian HughesTrustindex verifies that the original source of the review is Google. GSG Hospitality have been with LJS for many years, and we couldn’t be happier. During that time, they have provided dependable and exceptional service. They’re friendly, helpful, trustworthy, and always on top of everything. It’s great having accountants we can rely on year after year.Posted on Miguel GarcíaTrustindex verifies that the original source of the review is Google. Your services are excellent, very attentive, and your departments are very well organized according to the case.Posted on Lee Rapid tree care ltdTrustindex verifies that the original source of the review is Google. great account firm would definitely recommend them in fact i have to family and friends. very help and on the ball. 👍Posted on Helen MorganTrustindex verifies that the original source of the review is Google. Excellent service, always helpful and good advice. I would highly recommend LJS.
Get in touch with one of our consultants today and we will be happy to help you with your matter.