Landlord
Landlord Accountants
Landlords that make a living through rental income must comply with state accounting requirements such as VAT registration, self-assessment of rental income, and tax planning by taking landlord-specific tax reliefs into account.
Property Bought for Letting in the UK
Any property purchased in the UK with the intention of letting it out for rent, is referred to as ‘Buy to Let’ Property. Buy to Let is the most popular investment choice for landlords in the UK. They tend to look for properties with immediate profit potential by purchasing real estate with cash or through Buy to Let Mortgage.
Rental Income
Rental income is the income generated by a renting property out to a third party. For many landlords, it is the primary source of income for which they must file annual tax returns with HMRC.
Stamp Duty Land Tax (SDTL)
Regulations around Stamp Duty Land Tax (SDLT) have changed substantially over the years. There are several factors, which can complicate SDLT calculations for both individuals and companies.
To be secure call Lanop to seek expert advice before you purchase, transfer, or gift a property. We’ll help ensure you pay the right amount of SDLT and avoid risk of penalties.
Capital Allowances on Commercial Property
Capital allowances are a form of tax relief, that need to be considered for any property transaction to secure maximum benefit. Capital allowances apply in two primary circumstances:
Capital allowances are also available for regeneration projects, repurposing older structures and development of brown land and/or contaminated sites.
At Lanop our tax specialists support clients to ensure the best position on capital allowances before purchasing a property. We will prepare and submit all capital allowance claims.
R&D Tax Relief for Property Development
R&D tax relief is an incentive available to UK limited companies that seek investments in innovation.
Lanop’s R&D tax team have vast expertise and an established track record in successfully concluding R&D tax claims.
Raising Finance
A variety of financial solutions are available for investment, development, and purchase of property at Lanop. We will guide you to select the best solution for your unique circumstances.
Bridging finance
Bridging finance can provide a viable short-term solution to buying properties. Lanop will help assess the pros and cons before you make a commitment.
Refinancing
Lanop will help assess feasibility of re-financing to release cash for growth or to secure better terms when the market changes.
We also help clients make informed decisions on financing options for commercial or residential investment and mortgage options particularly with regards to Buy-to-Let property portfolios.
Service charge audits
Lanop works with a variety of clientele, ranging from, managing agents and surveyors to professional property firms and management companies. We will help meet obligations and obtain certification on your behalf.
Lanop also assists with:
- Certification and audit of service charge accountants
- Assistance with best practice and RICS, ARLA advice
- Advice regarding service charge software
- Preparing separate statutory accounts and service charge accounts
- Taxation matters involving VAT, corporate and personal taxation
- Payroll and pension contributions
Why do Landlords Need Accountants?
A knowledgeable Landlord Accountant can help invest in properties that will provide immediate and higher profits while assisting you in planning and calculating your taxes by keeping up to date on industry trends and particular tax exemptions or reliefs like Mortgage Interest Relief (MIR) etc.
Lanop Accounting Services for Landlords
Landlords require several accounting services. Lanop provides the following:
- Preparation of rental accounts
- Preparation and calculation of rental income tax returns
- Guidance on Landlord specific tax reliefs and exemptions
- Advice on Capital Gains Tax
- Advice on the ‘Let Property Campaign’
- Bookkeeping and Payroll support
- Compliance with HMRC
- Financing
- Service Charge Audits
Lanop: Property Letting Made Easier
Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in Putney, London provide practical and efficient solutions to all your accounting needs.
Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations.
Zohaib Arshad
As a Financial Accountant at Lanop, I advise landlords and real estate Read More
Zohaib Arshad
Financial Accountant
Most of my time is spent counseling limited firms on all aspects of their financial and tax circumstances as a Financial Accountant. Many corporate business owners have turned to me for help with their business formation, including any early paperwork and laws. Small business owners can benefit from my high expertise and professional advice due to my
diversified experience in a wide range of industries.
Rehmat Hussian
I am Lanop's Global Manager for VAT. Due to extensive knowledge and Read More
Rehmat Hussain
VAT Manager
I am the Global Manager for VAT Returns at Lanop with more than 5 years of experience in accounting, tax, and finance. I am responsible for providing services to help sole traders with self-assessments, tax planning and other relevant accounting services. My realistic approach, extensive experience, and successful track record makes me your business’s best friend.
Client's Testimonial
When I was looking for an accountancy partner, Lanop was the first provider to respond, inviting me in for coffee to discuss my business plans and offering guidance on how to structure the business. It was a crucial first meeting, I had so many questions and worries about starting out on my own, but the team gave me all the help I needed to register and run my own company. We’ve been trading for over three years now and the Lanop team have provided an excellent service, answering all our questions, managing our payroll, VAT, pensions and annual reporting processes without a hitch.
Steven George-Hilley
Founder
Centropy PR
Why should you choose us?
Digitalized Solutions
Professional & Client Centric
Flexible Approach
One-to-One Consultation
No Surprise Costs
Experienced Tax Specialists
