Stress-free landlord tax

You can claim any costs that directly relate to renting out or maintaining your properties.

We’ve got a guide that explains it all.

No, not on your income. On your income, you’ll only need to pay Income Tax and National Insurance.

When you sell your property, you might need to pay Capital Gains Tax on the profit you make. You won’t need to pay CGT if the property is your main residence unless you rented it out at any point.

If you purchase a property that isn’t your main home, you’ll be liable to pay second home tax. These include:

• Stamp Duty Land Tax
• Council Tax
• Income Tax
• Capital Gains Tax (if you sell it)

There are some exceptions to take note of.

You can earn up to £7,500 tax-free per year when renting out part of your home. It’s essentially a tax-free allowance and allows you to be more tax-efficient.

If you earn less than this in rental income annually, you won’t owe any tax. 

You can submit your earnings to HMRC by filing a Self Assessment tax return.

You can claim the £1,000 tax-free property allowance if:

• You’re a live-in landlord
• You rent out property that you don’t live in
• Your expenses are less than £1,000 per year
• You rent out property via Airbnb
• You’re not claiming other tax reliefs on your rental income
• You own a property jointly with someone else – you can both claim £1,000 per year

The mortgage interest tax relief is a tax credit that landlords can claim to reduce their tax bill.

Landlords can claim relief at the basic rate of 20% on their annual income for whichever of the following is lower:

• Finance costs
• Profit from their rental income
• Total income

Read more about the changes in mortgage interest tax relief and how they could affect you.

The one-off cost covers your Self Assessment being prepared and filed by an accredited accountant, VAT included. If anything extra comes up, we’ll let you know.

Yes, it’s official! TaxScouts is now Taxfix.

Over a year ago, we joined forces with one common goal: to simplify taxes across Europe. Now, we’ve taken the next step by bringing our services together under one single brand – Taxfix.

Nothing’s changing for you. You’ll continue to enjoy the same fast, simple, and reliable tax service you already know and trust. The only difference is that you now get it with the added innovation, technology, and support of Taxfix – Europe’s leading digital tax platform.

In short: we’re the same team, with the same dedication, but now united under one stronger brand to give you even more support.

The Accuracy Guarantee covers any mistakes made by your Taxfix accountant. If an error in the tax return is due to our work, we will refund you in full and resubmit your tax return at no additional cost.
Penalties that result from incorrect, incomplete, or missing information provided to us are not covered by the Accuracy Guarantee. You can find the full details in the T&Cs .

You can purchase each plan as a one-off purchase or an annual subscription. The services provided are exactly the same. If opting for the annual subscription option you will be entitled to a 30% discount as a new customer. If you purchase the annual subscription you can cancel at any time prior to your renewal date.

If you are purchasing a service from Taxfix for the first time and select an annual subscription plan, you can get a 30% discount on your first year plan price. Full T&Cs are available here.

Every level delivers the same core outcome – a UK-accredited accountant prepares and files your tax return accurately, efficiently, and in full compliance with HMRC requirements, so you can feel confident everything has been handled correctly.
If you’d like more or less support than the level you originally selected, you can contact our support team.