Property Accounts

Property taxation in the UK is one of the most complex areas of personal and business finance. Landlords and property investors must navigate a constantly shifting landscape that includes mortgage interest relief restrictions, capital gains tax on disposals, stamp duty land tax surcharges on additional properties, and distinct reporting obligations that do not apply to other forms of income. The rules differ significantly depending on whether you hold property as an individual, through a partnership, or within a limited company structure, and getting the structure wrong from the outset can cost thousands of pounds over time.

For landlords in Guildford, Woking, and across Surrey, the stakes are particularly high given the value of property in the region. Whether you own a single buy-to-let flat or a growing portfolio of residential and commercial units, having a specialist property accountant on your side ensures you remain compliant with HMRC, claim every allowable deduction, and structure your affairs in the most tax-efficient way possible. At 360 Accounts & Bookkeeping, we work exclusively with property owners who need expert guidance tailored to the unique demands of the property sector.

Our property accounting team brings deep specialist knowledge of the UK property tax regime. We stay up to date with every legislative change and HMRC guidance note so that our clients always receive current, accurate advice. Whether you are a first-time landlord or an experienced investor with a substantial portfolio, our approach is thorough, proactive, and focused on helping you retain more of your rental income and capital gains.

When you engage us as your property accountant, we begin with a comprehensive review of your entire portfolio. We examine your current ownership structure, assess how your rental income and expenses are being recorded, and identify any areas where tax savings may be available. From there, we work with you to optimise your structure, whether that involves restructuring ownership, incorporating a property company, or simply ensuring your existing arrangements are as efficient as possible.

For landlords managing multiple properties, we maintain separate records for each unit while providing consolidated reporting that gives you a clear overview of your total portfolio performance. We handle the ongoing accounting throughout the year, prepare your annual tax returns, and provide timely advice whenever your circumstances change, such as acquiring a new property, refinancing, or planning a disposal.

Our clients include landlords and investors across Guildford, Woking, Godalming, Dorking, Leatherhead, and the wider Surrey property market. Whether you own residential lets, houses in multiple occupation, commercial premises, or holiday rentals, we have the experience and local market understanding to support you effectively.

The UK property tax landscape has undergone significant changes in recent years. Landlords must be aware of the following obligations and restrictions that directly affect their tax position:

One of the most common questions we receive from landlords is whether they should hold their properties through a limited company rather than in their own name. The answer depends on your individual circumstances, but there are clear advantages worth considering. Within a limited company, mortgage interest remains fully deductible as a business expense, which avoids the Section 24 restriction that affects individual landlords. Corporation tax, currently at 25%, is often lower than the combined income tax and National Insurance that a higher-rate taxpayer would pay on the same rental profits.

Retained profits can be reinvested into further property purchases without triggering an immediate personal tax charge, making a company structure attractive for landlords who are actively building a portfolio. However, incorporation is not without its drawbacks. Mortgage products for limited companies can carry higher interest rates and arrangement fees. Transferring existing properties into a company may trigger stamp duty land tax on the market value and could crystallise a capital gains tax liability on the transfer itself.

For new purchases, a company structure often makes strong financial sense, particularly for higher-rate taxpayers who intend to hold properties long term. For existing portfolios, the decision requires careful modelling of the costs involved against the ongoing tax savings. We help our clients across Surrey work through these calculations in detail so that every decision is based on solid numbers rather than assumptions.