Residential Landlords

Residential Landlord Tax & Accounting Services

Expert tax advisory, accounting, and compliance solutions for property investors and landlords across the UK

Managing property can be rewarding — but keeping up with tax obligations, accounting records, and compliance requirements can be time-consuming and complex.
At Odiri Tax Consultants, we specialise in helping UK residential landlords, buy-to-let investors, and property developers stay compliant, minimise tax exposure, and build profitable portfolios. Our clients include:

Individual and joint landlords
Limited company property investors
Portfolio landlords with multiple properties
Accidental landlords (inherited or let properties)
Property developers and mixed-use investors
We combine decades of tax experience with a deep understanding of the property sector to deliver advice that’s practical, proactive, and tailored to your circumstances.

Comprehensive Tax Advisory & Compliance

Owning and managing residential property can be highly profitable — but also complex when it comes to taxation. From rental income tax and capital gains tax to inheritance planning and stamp duty, every financial decision you make as a landlord has tax implications.

At Odiri Tax Consultants, we provide a comprehensive, strategic approach to property taxation. Our goal is to ensure you stay compliant with HMRC requirements while maximising your after-tax profits and protecting your investments for the future. Whether you’re a first-time landlord, seasoned investor, or managing a company-owned portfolio, our specialists will help you navigate every aspect of landlord taxation — with clarity, accuracy, and confidence.

Every landlord’s financial situation is unique. We take the time to understand your property portfolio, ownership structure, income mix, and long-term goals before creating a bespoke tax plan that fits your needs. We can help you:

Optimise your rental income tax position
Minimise Capital Gains Tax (CGT) on property sales or disposals
Structure joint or family ownership tax-efficiently
Plan for inheritance tax (IHT) to preserve generational wealth
Manage Stamp Duty Land Tax (SDLT) effectively when buying or transferring property
Understand Annual Tax on Enveloped Dwellings (ATED) for company-held properties
Stay ahead of changing HMRC landlord tax regulations

Our proactive approach ensures you’re not just compliant today — but prepared for tomorrow’s tax landscape.

Rental Income Tax

Maximise your rental income and stay compliant with HMRC’s evolving digital tax landscape.

Rental income is the core of your property business — but understanding exactly how it’s taxed (and how to report it) is crucial to protecting your profits.

At Odiri Tax Consultants, we help landlords correctly calculate and report their rental income, claim every allowable expense, and prepare for Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) — the new legal requirement for many landlords from April 2026.

What We Do:

Calculate your rental profit accurately based on gross income and allowable expenses
Identify and claim all permissible deductions to reduce your tax bill
Advise on joint ownership (e.g., with a spouse) and how to split income tax-efficiently
Prepare and file your Self-Assessment Tax Return
Track and categorise expenses for each property
Forecast future liabilities to support cash flow planning

Making Tax Digital for Income Tax (MTD for ITSA)

From April 2026, most landlords with annual property income over £50,000 will be required to comply with Making Tax Digital for Income Tax Self-Assessment. Those earning over £30,000 will follow from April 2027.

Under MTD for ITSA, landlords must:

Keep digital records of income and expenses
Submit quarterly updates to HMRC through MTD-compliant software
File an End of Period Statement (EOPS) and final declaration annually
Use approved cloud-based tools (e.g. QuickBooks, Xero, FreeAgent)

We help you:

Choose and set up MTD-compliant software
Digitise your property income and expense records
Submit quarterly updates and annual returns on your behalf
Understand exactly what’s changing and how it affects your reporting deadlines

Don’t wait until the last minute. Early adoption of MTD gives you better visibility over your finances and avoids last-minute filing stress.

Capital Gains Tax (CGT)

Strategic CGT advisory to reduce, defer, and manage tax on property sales — with full real-time HMRC reporting support.

Selling or transferring a property can trigger Capital Gains Tax (CGT) — one of the most significant costs landlords face. At Odiri Tax Consultants, we provide expert, proactive guidance to help you minimise or defer CGT liabilities, ensuring your property transactions are both tax-efficient and fully compliant with HMRC’s real-time CGT reporting rules.

We review each sale or disposal in detail to determine the most effective tax position for your circumstances, ensuring you keep more of your profits.

How We Help You Manage and Reduce CGT:

Accurately calculate chargeable gains after deducting allowable costs

Identify and apply available reliefs such as:

Private Residence Relief (PRR)
Lettings Relief (where applicable)
Business Asset Disposal Relief
Rollover or Holdover Relief (for property replacement or gifting)
Strategically time disposals to maximise use of annual exemptions
Recommend spousal transfers or ownership restructuring to reduce exposure
Review property valuations to ensure accuracy and prevent HMRC disputes
Advise on non-resident landlord CGT compliance for overseas property owners

Real-Time CGT Reporting — Avoid Penalties, Stay Compliant

Since April 2020, UK landlords and property owners must report and pay CGT on the sale of UK residential property within 60 days of completion (previously 30 days). This is known as real-time CGT reporting — a legal requirement for all UK residents and non-residents disposing of property with a taxable gain.

Failure to file within the deadline can result in automatic HMRC penalties and interest. We ensure your real-time CGT obligations are handled correctly and on time by:

Calculating your accurate gain and estimated tax liability
Preparing and submitting your CGT return via the HMRC online portal
Coordinating the real-time payment of any CGT due
Adjusting for allowable reliefs and costs to reduce liability
Reconciling the CGT return with your Self-Assessment tax return later in the year

Real-time compliance matters — submitting your CGT return late can lead to HMRC fines starting at £100, plus daily interest on unpaid tax.

Frequently Asked Questions – Residential Landlord Tax & Accounting Services

Do I have to pay tax on rental income in the UK?

Yes, rental income from UK property is taxable. If you earn more than £1,000 per year from letting property, you must declare this income to HMRC and pay Income Tax on your profits. However, you can reduce your taxable income by claiming a range of allowable expenses, such as repairs, insurance, agent fees, and interest (if operating through a limited company). At Odiri Tax Consultants, we help landlords calculate their tax correctly and ensure they claim every eligible deduction.

What is Making Tax Digital for landlords?

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is a new HMRC requirement. From April 2026, landlords with annual property income over £50,000 must keep digital records and submit quarterly tax updates through MTD-compliant software. The threshold drops to £30,000 from April 2027. Odiri Tax Consultants helps landlords prepare for MTD by setting up cloud accounting systems, training clients, and managing all required submissions on their behalf.

Do I need to file a tax return as a landlord?

If your annual rental income exceeds £1,000, you must register for Self-Assessment and file a personal tax return each year. This applies whether you rent out one property or several. We handle the entire process for landlords, including registration with HMRC, bookkeeping, tax return preparation, and submission.

How is Capital Gains Tax calculated on rental property sales?

Capital Gains Tax (CGT) is due when you sell or transfer a rental property for a profit. The taxable gain is the difference between the selling price and the original purchase price, minus allowable costs such as legal fees, agent fees, and capital improvements. UK residents must report and pay CGT within 60 days of completion for residential property sales. Our team calculates your gain, identifies available reliefs, and submits your CGT return on time to ensure full compliance with HMRC's real-time reporting requirements.

Is it better to own rental property personally or through a limited company?

This depends on your financial goals, tax position, and mortgage arrangements. Holding property in a limited company may reduce your tax liability, as you’ll pay Corporation Tax instead of higher Income Tax rates. Companies can also fully deduct mortgage interest as a business expense. However, incorporation may come with additional costs such as higher compliance requirements, Stamp Duty, and reduced access to personal allowances. We provide a tailored comparison to help you decide the most tax-efficient structure for your portfolio.

What records do landlords need to keep for tax purposes?

Landlords should maintain accurate records of all rental income received and all expenses paid in connection with letting the property. This includes mortgage interest, invoices for repairs and services, utility bills (if applicable), insurance, and tenancy agreements. These records must be kept for at least six years. As part of our service, we help landlords digitise their records and meet HMRC's reporting standards, especially under the Making Tax Digital rules.

What happens if I haven’t declared rental income to HMRC?

If you’ve not declared rental income, HMRC may contact you with a "nudge letter" or open an enquiry. You could face penalties and interest on unpaid tax. However, if you act quickly and voluntarily disclose the issue through the Let Property Campaign, HMRC is likely to reduce penalties. We offer full disclosure support, prepare the necessary documentation, and negotiate with HMRC to resolve matters professionally and efficiently.

Do overseas landlords need to pay tax on UK rental income?

Yes, non-resident landlords are liable to pay UK Income Tax on income from UK rental property. They must register under the Non-Resident Landlord Scheme, and rental agents or tenants may be required to deduct tax at source. Overseas landlords must also file Self-Assessment returns and CGT returns when selling UK property. We assist non-resident landlords in registering with HMRC, filing tax returns, and managing all tax matters from abroad.

Can I reclaim VAT on property expenses?

In most cases, residential lettings are VAT-exempt, meaning landlords cannot reclaim VAT on expenses. However, VAT may apply to furnished holiday lets, commercial properties, or mixed-use buildings. If VAT is applicable, landlords may be able to reclaim it on renovation costs, professional services, and property management. We assess your eligibility, advise on VAT registration where appropriate, and ensure you remain compliant with HMRC rules.

Are you a UK landlord struggling with rental income tax, CGT, or Making Tax Digital?

Whether you own one rental property or manage a growing portfolio, the right tax strategy can make all the difference. At Odiri Tax Consultants, we specialise in helping UK landlords stay compliant with HMRC, reduce unnecessary tax, and plan for long-term profitability. Our expert team will handle your rental income tax, Capital Gains Tax, Making Tax Digital compliance, and more — so you can focus on managing your properties with confidence. You’ll get practical advice, tailored insights, and a clear action plan — with no obligation. 📞 call us directly on 01733808075.

Odiri Tax Consultants & Accountants