Landlord taxation changed fundamentally with the Section 24 mortgage-interest restriction, and Making Tax Digital for Income Tax is now on the horizon for property income. Next Tax Source prepares your Self Assessment with complete property pages, claims every allowable expense and the right reliefs, handles the basis-rate mortgage-interest credit correctly, and gets your records MTD-ready — all reviewed and signed by a chartered accountant.
What expenses can I claim against rental income?
Mortgage interest (as a basic-rate credit, not a deduction), repairs and maintenance, letting-agent and management fees, insurance, ground rent and service charges, and more. We make sure nothing allowable is missed.
How does the mortgage-interest restriction (Section 24) affect me?
You can no longer deduct mortgage interest from rental profit; instead you receive a 20% tax credit. For higher-rate landlords this raised tax bills materially — we calculate it correctly and model whether a company structure helps.
When do I pay Capital Gains Tax on selling a rental?
UK residential property gains must be reported and the tax paid within 60 days of completion, separately from your annual return. We handle the 60-day report and the annual reconciliation.
Will Making Tax Digital affect landlords?
Yes — MTD for Income Tax will require digital records and quarterly updates for property income above set thresholds. We get your bookkeeping compliant ahead of the deadline.
Every Filing, Signed By A Professional
We prepare it all to a ready-to-sign standard; a chartered accountant reviews and signs before anything is filed. Tell us your situation and we'll return a scoped proposal within one business day.
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