Expert property accountants for your UK portfolio

A property accountant is a specialised accountant who focuses on providing financial and taxation services specifically tailored to the needs of individuals, businesses, or organisations involved in the property sector. These professionals have expertise in managing the financial aspects of property investment, development, management, and transactions. They play a crucial role in helping you navigate the complexities of property finance and taxation, optimise their financial strategies, and maximise returns on their property investments.

Rental income is treated as part of your overall income and is subject to income tax. The amount of tax you pay depends on your total taxable income for the year and your tax rate. Landlords can deduct certain expenses from their rental income before calculating the taxable amount.

Property accountants, Osome’s in particular, will assist with streamlining the management of the income you receive from your property portfolio — from start to finish. They take care of all annual filings, including: registering for Self-Assessment, tax advice on payroll and dividends, an exclusive monthly review, VAT registration, and VAT filing.

While it's not legally required to hire an accountant for your rental property, doing so can offer significant benefits. An accountant can help you navigate complex tax regulations, maximise deductions, and ensure compliance with financial reporting requirements. They can also provide valuable advice on structuring your property investments for tax efficiency and long-term financial growth. Ultimately, hiring an accountant can save you time, minimise tax liabilities, and optimise the financial performance of your rental property portfolio.

Certainly! We understand that transitioning from your current accounting service provider can be daunting, but we make the process as smooth as possible with minimal effort from you. Our team will reach out to your current provider directly, and take over all your financial documents. We will conduct an audit to ensure that your company is fully compliant and has no loose ends with HMRC. We also organise all your historical data and prepare and file all the necessary reports. Additionally, we offer ongoing advice on relevant tax exemptions to help you make informed decisions about your taxes.