UK property tax has changed beyond recognition since 2017: Section 24, the 60-day CGT rule, the abolished wear-and-tear allowance, MTD for landlords from 2026. We help Harrow landlords, BTL investors and property developers structure portfolios tax-efficiently and stay one step ahead of HMRC.
Since April 2020 individual landlords no longer deduct mortgage interest from rental income - they receive a 20% basic-rate tax credit instead. Higher-rate landlords pay tax on turnover they never actually saw. We model whether incorporating into a Ltd / SPV (where 100% of mortgage interest stays deductible) leaves you better off, after accounting for SDLT, CGT and refinancing costs.
CGT on UK residential property is 24% (basic rate) / 24% (higher rate) from April 2024, with a £3,000 annual exemption. You must report and pay within 60 days of completion via the UK Property Account - miss this and HMRC charges £100 plus daily fines. We prepare the CGT computation (claiming PPR, lettings relief, improvement costs) and file the 60-day return.
The FHL regime ends April 2025, removing capital allowances, full mortgage interest relief and Business Asset Disposal Relief on sale. We're now advising every FHL owner on whether to incorporate, sell, switch to long-let, or accept the new treatment. Airbnb and short-let income above £1,000 is reportable even if it's just your spare room - we handle the rent-a-room election (£7,500 tax-free) too.
It depends: SDLT on the transfer can wipe out the tax saving for years. Generally incorporation works for higher-rate landlords with 4+ properties and a long horizon. We'll model it specifically for you.
Annual SA105 from on request for one property. Full portfolio review and incorporation analysis from on request. 60-day CGT return from on request.
April 2026 for income over £50k, April 2027 for £30k-£50k. We're already migrating clients to Xero/Hammock so the switch is painless.
