Category: Landlord Tax
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Do Landlords Have to Declare Rent Paid in Cash?
If your tenant pays rent in cash, does it still need to be declared? We explain how cash rent should be recorded and what to consider if previous years were not reported.
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Can Landlords Claim Insurance and Service Charges Against Rental Income?
Can landlords claim insurance, service charges and ground rent against rental income? We explain which costs can be allowable and why what you’re actually paying for matters.
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Can Landlords Claim Accountancy and Legal Fees Against Rental Income?
Landlords can claim some accountancy and legal fees against rental income, but not every professional fee is tax deductible. We explain why what you paid the professional to do matters.
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Can Landlords Claim Mileage and Travel Expenses?
Can landlords claim mileage for trips to a rental property? What about petrol receipts as well? We explain when landlord travel expenses can qualify, how mileage works and why the purpose of the journey matters.
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My Rent Only Covered the Mortgage — Did I Still Need to Tell HMRC?
If your rental income simply covered the mortgage, you might assume there was no profit and nothing to report. But mortgage payments and taxable rental profit are not calculated in the same way.
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Repairs vs Improvements: What’s the Difference for Landlord Tax?
Is work on your rental property a repair or an improvement? We look at kitchens, replacements, modern materials and why the cost or wording on an invoice doesn’t necessarily determine the tax treatment.
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Landlord Expenses: Just Because You Paid for It Doesn’t Mean It’s Tax Deductible
Not every payment connected with a rental property is automatically tax deductible. We look at repairs, improvements, mortgage costs, mixed expenses and why understanding what you actually paid for matters.
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What Information Should I Gather Before Speaking to an Accountant About Undeclared Rental Income?
Many landlords delay speaking to an accountant because they think they need every document before making that first call. This guide explains what information is genuinely helpful, what documents you can start gathering and why you don’t need to have everything before asking for professional advice.
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I Thought I’d Deal With It Next Year… Until Next Year Became Several
Life has a habit of pushing important things further down the list. This article explores why so many landlords intend to deal with undeclared rental income but find that one year quietly becomes several.