Tax Advice For Landlords
Why Choose Passman Leonard for Landlord Tax Advice
Whether you are earning income from renting out commercial or residential properties, you need to pay taxes on that income. Are you a landlord looking for expert tax advice to navigate the complex world of property taxation?
When you hear the words ‘VAT return’ or ‘Making Tax Digital Quarterly Reporting’ how do you feel? Does it make you lose sleep at night? Do you need tax advice for landlords?
Look no further than Passman Leonard, your trusted partner in handling all your tax needs. With tax advice for landlords from a property tax advisor, tax does not have to feel overwhelming.
We specialise in providing tailored advice on income tax for landlords. Whether you are an individual landlord or operating through limited companies, our team will help you navigate the tax landscape efficiently.
Let us deal with your quarterly commitments
Like many of our current clients, you probably don’t relish the idea of doing your VAT or self-assessment tax returns, even once a year, let alone on a quarterly basis– after all, that wasn’t why you started your business.
HMRC has started the process of moving all tax reporting online, with interim reports needing to be submitted quarterly. Making Tax Digital, also known as MTD, is being introduced for all landlords.
From 6 April 2026, if you are a landlord with a rental income of over £50,000 per annum or £30,000 from 6 April 2027 per annum, you will also be required to report your self-assessment income tax via government gateway digital links using the Making Tax Digital for Income Tax Self-Assessment process (known as MTD for ITSA).
Making Tax Digital quarterly reporting made easy
Using cloud-based accounting packages such as Xero and DEXT, you can simplify your bookkeeping to create business records and reports that are MTD compatible. This means that digital records can seamlessly be exported from Xero into HMRC’s tax reporting databases, negating the need for additional bridging software.
Clients find that our paperless, fully digital approach to accounting helps them manage their admin more easily, freeing up more time to work with paying clients and grow their business.
Working with Passman Leonard offers your business several advantages over more traditional accountancy firms who haven’t yet adopted fully digital accounting:
Get in touch on 01895 434515
It’s not just quarterly commitments we can help you with
Capital Gains Tax Expertise: One of the key areas where Passman Leonard can help with is in capital gains tax (CGT) advice. CGT can be a significant concern for landlords when selling a property. Our experienced tax advisors can help you optimise your tax liability when capital gains come into play, ensuring that you pay only what’s required and not a penny more.
Tax Efficiency and Relief: Passman Leonard understands the importance of tax efficiency and relief for landlords. We work tirelessly to identify available tax relief opportunities that can significantly reduce your tax liability. Our experts are well-versed in the tax rules and regulations, ensuring you can maximise your deductions and credits.
Staying Compliant: The tax year can be a daunting time for landlords, as you are required to complete a tax return. Our team will assist you in preparing and filing your tax return accurately and on time, helping you avoid penalties and compliance issues.
Understanding Higher Rates: Landlords often face the challenge of higher rates of tax on rental income, especially if you have multiple properties. Passman Leonard can guide you on how to manage and mitigate these higher tax rates, ensuring you maintain tax efficiency while staying compliant.
Tax-Free Investments: Exploring tax-free investments is essential for any landlord looking to grow their property portfolio. Our experts can advise you on tax-free investment options and strategies that align with your long-term goals.
Contact us today
Passman Leonard is your go-to partner for all your landlord tax needs. We offer comprehensive tax advice and solutions to help you pay taxes efficiently, manage your properties for tax purposes, and stay in control of your financial future.
With our expertise, you can rest assured that your tax investment is in capable hands. Don’t let tax complexities hold you back; choose Passman Leonard and enjoy the benefits of expert landlord tax advice.
Call us today on 01895 434515 for a free, no-obligation discussion about tax advice for landlords, or contact us via email info@passmanleonard.co.uk.
