Do I need an accountant as a landlord?
While there is no legal requirement to have an accountant as a landlord, there are still several excellent reasons to hire an accountant. The rules that apply to landlords are broad, detailed and can be complex to property owners who aren’t familiar with them.
It’s important to consider the specific rules that apply to:
- Residential lettings,
- Holiday lettings,
- Commercial lettings
These all have different requirements to follow to make sure that you pay the correct tax. Hiring an accountant ensures you have met the correct conditions.
An accountant will also help you to plan things such as Capital Gains Tax and Inheritance Tax. These can be complicated to navigate, and your accountant can simplify it for you, helping you look to the future. We ensure you save money by claiming all the allowable expenses available to you while providing you peace of mind that you are doing things correctly.