Personal tax advice for landlords
Your rental income doesn't sit on its own. It lands on top of your salary, your self-employment, and everything else you earn, and that's what decides the tax you pay on it. Talk your whole position through with a Property Tax Pro before you file, not after.
A personal tax consultation looks at how your rental profit is taxed, what Section 24 does to your mortgage interest, which allowances apply, and how it all interacts with the rest of your income. You leave with a clear view of where you stand, and the figures behind it.
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Your rental profit is taxed on top of everything else
Rental profit is taxed at your marginal Income Tax rate, and it stacks on your other income. Earn from a job or your own business as well, and your rental income can be taxed at a higher rate than the property alone would suggest.
Then there's Section 24. As a residential landlord you can no longer deduct mortgage interest from your rental income; instead you get a basic-rate, 20% tax reduction. That change hits higher-rate taxpayers hardest, and it's the kind of thing a generalist meets once a year. A property tax Pro looks at the whole picture, your rental income, your other income, your allowances and how they fit together, so the advice is built on your numbers rather than a general rule of thumb. If you'd rather read first, the Self Assessment guide and the Section 24 chapter cover the ground in plain English.
A clear read on your personal tax position
A personal tax consultation is one 45-minute call with a property tax Pro about your own situation, not a generic checklist. Here's what it covers.
Four steps from question to answer
- Mornings, afternoons, evenings or weekends. Your advisor is free when you are.
- Share your details in advance so your advisor prepares, and the call is all advice.
- In a 45-minute call you'll get a clear recommendation and a plan built on your numbers.
- You'll get a recording of the call and a written summary of the key points.
Trusted by thousands of property investors
Landlords come to Provestor for one reason: property tax advice from people who only do property.
“I was worried about getting the splits wrong for my joint property. Provestor just asked the percentage and handled it. ”
“Provestor are by far the most well informed tax advisors for property investors that I have ever come across in my 15 years of property investment”
“Highly recommend Provestor. I had a 45 minute initial chat with one of their tax accountants. The whole process was very clear, a fact find document was completed before the call which meant the call addressed all my points. ”
“Their knowledge and expertise in tax and portfolio optimisation is second to none.”
“The tax advice from Provestor has already saved me at least £6k.”
“Provestor helped us with a complex company structure and set up when we decided we could no longer efficiently run 4 houses in personal names.”
More ways a property tax Pro can help
Personal tax is one piece of it. If your question is about a sale, the years ahead, or who handles it all year-round, start here.
Personal tax advice questions
- Do I need a personal tax advisor as a landlord?
- What does a personal tax consultation cover?
- Can you advise on Section 24 and mortgage interest?
- Is a personal tax advisor different from an accountant?
- Do you offer personal tax services for property income outside the UK?
- Are you qualified and regulated?
- What if the advice isn't useful?
Get it right. Get it done.
Talk to a property tax Pro about your position
Your rental income doesn't stand alone, so your advice shouldn't either. Book a consultation and work through your whole personal tax position with a specialist, or book a callback and talk it through first.