UHY Ross Brooke Chartered Accountants

How could landlords save tax on their rental property portfolios?

property tax - landlords

Landlords in the Private Rental Sector (PRS) appear to be reconsidering how they own their property. We are seeing more landlords enquiring about incorporating their property portfolios.


It’s simple. They’re looking for ways to improve their profitability and one way is to reduce the tax they pay. Whether it’s Capital Gains Tax when they sell, or Income tax when they rent out the property, they may be able to reduce the tax burden by incorporating their property portfolio.

While some landlords have not felt the need to change before, many are now driven to look for new options as a result of rising interest rates, after reviewing their profitability when submitting last year’s tax return, and the impact of Section 24 of the Landlords and Tenants Act, preventing a landlord’s right to deduct finance costs from their rental income before calculating their tax liability.

If you’re considering incorporating your property portfolio, or other ways of mitigating your tax liability, please get in touch. A good tax expert can help you to reduce your tax, while not breaking any laws.

Find out about the accounting services we offer landlords, get help to choose the best accounting software package and the landlord’s property management software we recommend for our clients.

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