Talk to us about your properties

What happens next

What happens after you get in touch

What a free property tax review covers

• Your Making Tax Digital position, tested on gross rent plus any self-employment turnover — including your share of anything held jointly — against all three thresholds and the tax year that decides each one
• What the Section 24 finance cost restriction is costing you in cash, and whether gross rent has pushed your total income over £50,270, over £100,000 or over the High Income Child Benefit Charge threshold
• Whether the expenses being claimed are the right ones — repairs against improvements, and replacement of domestic items relief, which covers replacing moveable furniture, furnishings, household appliances and kitchenware but not fixtures such as baths, fitted furniture or boilers
• How jointly held property is being taxed. Married couples and civil partners are taxed 50:50 by default, and a Form 17 declaration can only change that where the beneficial interests are genuinely unequal — and it must reach HMRC within 60 days of the declaration date, a limit with no power of extension
• Whether a company would help or hurt, costed honestly on both sides, including the capital gains tax and the stamp duty of getting there
• Anything approaching on the calendar: a sale with a 60-day reporting window, an ATED charge on a company-held dwelling worth over £500,000, or a Non-Resident Landlord quarter

What to have to hand

Nothing at all, if you would rather just talk. If you want the review to be concrete, the four most useful things are last year's tax return, a rough rent roll by property, the current mortgage interest figure for each property, and — if any of it is held jointly or in a company — who owns what, and in what proportions.

If you are switching from another accountant

It is one letter of engagement from you. We then write to your current accountant for professional clearance and for the records, and pick the work up from there. Timing matters more than it used to. Under Making Tax Digital the records have to be digital from the start of the quarter, so a switch made early in a tax year is worth considerably more than one made in the week before a 31 January deadline. And if a property has already been sold, tell us the completion date first: the 60-day capital gains reporting and payment window runs from completion and does not wait for the tax return.

Where we are

Remote-first, across the United Kingdom. We do not publish an office address because we do not run a walk-in office. We work by phone, video and email, with your records shared securely online, so the service is the same wherever in the UK you or your properties are. One point of substance rather than geography: property transaction taxes are devolved. If you are buying in Wales it is Land Transaction Tax; in Scotland it is Land and Buildings Transaction Tax with an 8% Additional Dwelling Supplement, and Scottish income tax has six bands of its own. We will tell you which rules apply to you before you engage us, not after.

Prefer to talk now? WhatsApp us, or email hello@buzzaccounting.co.uk. If a figure from the free calculators or a date on the landlord tax calendar has raised a question, send it to us and we will answer it.