We are completely focused on helping your business grow.
Our team of highly experienced and qualified chartered accountants
based in Northampton can help landlords achieve their key
objectives. We can help you with your tax returns, capital gains
tax and we can consult, give you advice on all tax advice
questions you may have.
Our tax return service helps landlords stay compliant with HMRC, ensuring your property income is reported accurately and submitted on time.
With property taxation becoming increasingly complex, effective tax planning is essential to protect your rental profits and make informed financial decisions.
Capital gains tax applies to the profit made when selling property or land. We help landlords calculate liabilities and plan ahead to minimise tax efficiently.
If you are not operating as a sole trader, you’ll need to total the rental income generated from any property you own, whether solely or jointly.
Property income may include:
If your total gross property income exceeds £50,000 from April 2026, £30,000 from April 2027, or £20,000 from April 2028, you will be required to register for and comply with Making Tax Digital (MTD) for Income Tax in relation to that income.
From April 2024, individuals taking part in the pilot phase of Making Tax Digital (MTD) for Income Tax are subject to the updated penalty system for late submissions and late payments.
This penalty framework will also apply to all taxpayers once MTD for Income Tax becomes mandatory.
The updated regime introduces:
Under the points system, penalty points accumulate for missed deadlines. Once a threshold is reached, a financial penalty is triggered.
There will be no late submission penalties for missed quarterly updates for individuals who join MTD for Income Tax from 6 April 2026, nor during the official testing phase.
HMRC has discretion to cancel or reset penalty points and withdraw related financial penalties in certain circumstances. Understanding how the new regime operates is essential to avoid unnecessary costs and remain compliant under MTD.
Use online service to sign up for Making Tax Digital for Income Tax and find out what to do next.