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Property Tax Advice

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Property Tax Advice

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A firm of chartered accountants specialising in tax services for landlords and property developers. We act for both UK resident and overseas resident landlords.

We are a firm of chartered accountants with a specialist team focussed on tax services for landlords. Our fixed fee property tax service ensures that the UK tax liability of landlords is kept to a minimum, and that all your tax affairs are dealt with on time. We provide tax services to a broad range of clients, from owners of a single buy-to-let property, HMO, multi-property portfolio, serviced accommodation and developers

Contact us today for specialist advice, specific to you and your needs - email on [email protected]

08/10/2026

The tenant is still paying rent. So who pays tax on it while the property is going through probate?

Rental income does not simply transfer to the beneficiary on the date probate is granted.

During the administration period, income belonging to the estate will generally be dealt with by the executors or personal representatives. However, the beneficiary’s own tax position may become relevant when income is distributed or their entitlement arises.

The answer can depend on:
- How the property was left in the will
- Who is entitled to the rental income
- When that entitlement begins
- The estate’s income and allowable property expenses
- Whether further tax is due when income reaches the beneficiary

Our latest guide follows the rent from tenant to estate to beneficiary, explaining who may need to report it at each stage.

Read the full guide on our website, link in the comments👇

06/10/2026

£80,000 transferred. Reference: “Money for house.”

That tells you money moved. It leaves several important questions unanswered.

Was it a director’s loan or payment for shares? What terms were agreed? Who authorised the purchase? Was the property intended for long-term letting or development and sale?

This illustrative example from our latest article shows why company secretarial records matter for property businesses.

The accounting entries and supporting company documents should tell a consistent story about ownership, funding and significant decisions.

That becomes particularly useful when a lender, solicitor, investor or adviser needs to understand a transaction years later.

Our guide covers the records behind a property company, including:
• Share ownership and the register of members.
• Board decisions and shareholder resolutions.
• Director and intercompany loans.
• Mortgages, charges and dividend paperwork.
• Companies House filings and the recent register changes.

It also includes a practical checklist for investors and developers operating through limited companies or multiple SPVs.

Read the full guide via the link in the comments.

02/10/2026

Starting out in property can come with a LOT of questions.

Tax, accounts, what you can claim, what needs doing and when… It's not always obvious where to begin.

That’s why we love feedback like this. 💛

Shannon and the team have been helping Louise navigate the early stages of property investment with clear guidance and advice whenever she needs it.

⭐⭐⭐⭐⭐

01/10/2026

A flooded rental property can leave you dealing with repair bills, lost rent, damaged contents and an insurance claim all at once.

But for tax purposes, the payout should not simply be treated as one lump sum.

Different parts of the settlement can have different consequences:
• Lost rent is usually treated as taxable property income
• Repair payments need to be considered alongside the cost of the repairs
• Damaged contents can fall under separate replacement rules
• Permanent damage may bring Capital Gains Tax into the picture

The important bit is understanding what each part of the insurance payment is actually compensating you for.

We’ve broken it down in our latest guide.

👉 Read the full article on our website - link in the comments below👇

30/09/2026

The bills never seem to wait for a tenant, do they?

You’ve got the keys. The insurance is running. The council tax bill has arrived. And someone still needs paying for the decorating.

But with no rent coming in yet, can you claim tax relief on any of it?

Some qualifying costs incurred before your first letting can reduce your rental profits once the business starts. Insurance, council tax and routine repairs may qualify, depending on the circumstances.

The catch is that getting a property ready doesn’t make every expense deductible. Substantial work on a run-down purchase can be capital expenditure, while mortgage interest has separate relief rules for individual residential landlords.

Our latest guide explains what to check, with a first-time landlord’s worked example to make the numbers clearer.

Read the full guide via the link in the comments.

23/09/2026

Verified your identity with Companies House? There’s another question worth asking: has your co-director?

In the first identity verification prosecutions brought by the Insolvency Service, the highest fine went to a director who had completed his own verification.

He was prosecuted because he failed to take reasonable steps to stop his unverified co-director from continuing to act, despite knowing about the requirement.

Three directors were fined, including two from a property company. All three were also convicted over late confirmation statements.

If you own a property company with your partner, a family member or a business associate, this is a reminder to check where everyone stands.

Check each director’s verification, the company’s confirmation statement date and whether the required personal codes have been provided. If someone is overdue, address it promptly.

These obligations matter beyond property businesses too.

Unsure what your company still needs to do? Get in touch with our team.

Full story linkedin in the comments👇

22/09/2026

Payday arrives. Part of your wages goes straight towards keeping the buy-to-let afloat.

The rent has come in, but once the mortgage and other costs are paid, there is still a gap to fill.

You might reasonably think: “Surely that loss can reduce the tax on my salary?”

For most landlords with personally owned residential rentals, it does not work that way.

Ordinary rental business losses cannot normally be set against employment income. A qualifying loss can usually be carried forward against future profits from the same rental business instead.

And there is another point worth checking: being out of pocket does not necessarily mean you have made a tax loss.

Residential mortgage interest is generally dealt with through a basic-rate tax reduction, subject to limits, rather than deducted when calculating rental profits. Mortgage capital repayments are not deductible expenses either.

Your bank balance and your tax calculation can therefore tell very different stories.

Our latest guide explains where genuine rental losses can be used, how multiple properties are treated and the limited exceptions to the normal rules.

Read the full guide: https://www.property-tax-advice.co.uk/knowledge-centre/can-i-offset-losses-from-my-rental-property-against-my-salary/

Unsure what your figures mean? Send us a message and we can discuss the help you need.

18/09/2026

Another £65 per property. Every year.

Landlords in England are getting a new Private Rented Sector Database, and it is not just another one-off form to fill in.

The confirmed registration fee is £65 per property, per year, with annual renewal required. So if you have 10 rental properties, that is another £650 a year to build into the cost of running your portfolio.

You will also need to make sure the right information is held for each property, including ownership details and potentially key compliance documents such as Gas Safety Certificates, EICRs and EPCs.

And one registration will not simply cover the whole portfolio. Each relevant property will need its own active entry.

The rollout starts in the West Midlands on 15 December 2026, with other regions following during 2027.

So there is no need to panic, but there is a good reason to get organised now.

If your portfolio has grown over the years, includes company-owned properties, or your records are spread across a few different places, this is a good excuse to get everything straight before registration reaches your area.

We have broken down what the new database means, who is likely to be affected and what landlords should start preparing now.

Read the full blog on our website, link is in the comments 👇

17/09/2026

This is what great service looks like. 💛

A huge thank you to Zak for leaving such a lovely review for Kylie and Grace.

Property tax and accounting can become particularly stressful when you’re already dealing with a lot elsewhere, so having people you can rely on to explain things clearly, guide you through the process and stay alongside you makes a real difference.

Zak said:
“Kylie and Grace have been absolutely incredible supporting me through some challenging times and helping me navigate my way through step by step.”

We’re really proud to have them both as part of the team. 👏

If you need support with your property accounts, tax planning or simply want somebody to help make sense of what comes next, get in touch.

📞 01249 816 810
📧 [email protected]
🌐 www.property-tax-advice.co.uk

15/09/2026

You own the company. You built the business. There’s money in its bank account.

So what’s the problem with using some of it for a personal bill, as long as you put it back?

The first thing to check is whether you’re authorised to take it.

It’s easy for the boundaries to blur when you run your own company. A personal payment goes through the business account, it’s recorded against your director’s loan account, and you intend to sort it out later.

But recording the payment doesn’t authorise the borrowing. And intending to repay it doesn’t, by itself, make an unauthorised withdrawal acceptable.

That doesn’t mean director’s loans are inherently wrong. They can be perfectly legitimate when the arrangements are properly authorised, documented and accounted for.

Before borrowing, check what approval is required, agree the repayment arrangements and understand the tax position.

It also matters whether you owe the company money or the company owes you. Those are different situations.

For property company owners, rental income sitting in the company account can make this particularly relevant. Owning the shares doesn’t make that bank balance your personal spending money.

Our latest blog explains the court case behind the warning and the practical checks directors should make.

Read the full guide, link in the comments 👇

Address

8 Deanwood
Newbury
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Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

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+441635243900

Website

http://www.property-tax-advice.co.uk/

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