Specialist landlord accounts: Expertly prepared tax returns
If you're a landlord renting out your property in the UK, you will need to complete an annual self-assessment tax return, and submit it to HMRC at the end of each tax year.
Here at Websters, our team of specialist chartered accountants and tax advisors are experts in the property sector - providing premium landlord accounting services and preparing tax-efficient accounts. We will support you through the whole process, from the registration to the submission of your tax return on your behalf.
Property portfolio management
Owning a buy-to-let is a common part of many investment portfolios, especially in Cambridge. We expertly prepare property accounts for landlords both residential and business properties - we offer specialist landlord tax advice to help minimise tax liability and suit your financial needs.
Letting agent accounting services
If you choose to let through an agency then they will normally provide a summary of the income and expenses which they have paid out. We work with these, adding in those expenses which have been paid by you. If you make your own direct arrangements with the tenant then you will be responsible for keeping proper accounting records - we can advise you on that process and provide access to our online accounting software.
Minimising property tax
If you are affected by the legislation to tax relief on mortgage interest then you may want to investigate ways to minimise tax losses. We will discuss all of the possible methods to mitigate this financial risk - for example some clients are moving portfolios to companies, others are looking to sell part shares in their companies to reduce debt.
Why choose Websters
With over twenty years of experience in the accounting and tax industry, our specialist accountants for property owners can help you keep your workload to a minimum and ensure that you make the right decisions to minimise your tax liability. Whether you're brand new to property renting or you already manage multiple rentals, we can help you manage your accounts and meet your financial goals.