Confidently file your landlord taxes with Taxd. No matter the complexity, we've got you covered with Taxd, an NRLA Recognised Supplier
Securely hosted on the cloud
Recognised by HMRC
Supervised by the Chartered Institution of Taxation
Throughout the Taxd process, our accountants are here to support you with any questions.
Tax law can be daunting. So we help you learn and understand it all during your Self Assessment.
Taxd covers more ground than a human accountant. This way, it can help you pay the least tax possible.
There are 3 main types of rental income:
- Investment Property
- Furnished Holiday Letting
- Renting a room in your home
Expenses you can claim relate to the running of your property rental business and also any maintenance costs need to upkeep your property.
Any capital expenditure, such as extensions, will be deductible when you come to sell the property.
With Taxd, you can ensure that the maximum allowable expenses are claimed in your Self Assessment tax return. This ensures that you pay tax only on the profit that you should be paying tax out of.
If your rental income is over £10,000 (or £2,500 profit after expenses) you will need to pay tax via a Self Assessment tax return. This will include details of all your income - from employment or self-employment.
The rates at which you are taxed, will depend on your other earnings. We’ll help you maximise your tax efficiency by picking the relevant deductions, credits and reliefs applicable to you.
