Landlords and rental income.
A rental property is supposed to be one less thing to worry about, not one more set of rules to keep up with. Between rental accounts, the extra rules if you live abroad, and Making Tax Digital on the way, it's easy to lose track of what you actually owe. This is where Newton & Co come in. We'll keep your rental income tax straight and tell you plainly what's due.
One property or a portfolio? We keep it all straight.
Whether you've got one rental property or several, we'll work out your income and allowable expenses each year and turn them into a return that's filed correctly and on time. If you live abroad, or you've realised you should have declared rental income sooner, we handle that too.
You'll always know what you owe, and you'll always have a director to ask, not a different name each time you call.
What we handle for you.
Everything below is included, however your portfolio's set up.
Income and allowable expenses worked out properly, ready for your return.
If you live abroad and rent out a UK property, letting agents or tenants usually have to deduct basic rate tax from your rent. We'll deal with that and apply for you to receive it gross where you qualify.
HMRC's route for catching up if rental income hasn't been declared before, handled properly so it doesn't turn into a bigger problem than it needs to be.
HMRC's move to digital records and quarterly updates, phased in from April 2026 by income level, and we'll get you ready in good time.
The first £1,000 of rental income each year is tax-free, and we'll make sure that's reflected properly.
Not a different face each year.
Rental tax rules keep moving. At Newton & Co, we keep up with them for you.
Between the Non-Resident Landlord Scheme, the Let Property Campaign and Making Tax Digital on the way, landlord tax has more moving parts than it used to. Natalie Basilisco ATT, CTA, our director for landlords and individuals, looks after this, so you're getting someone who keeps track of it properly.
You deal with a director
Direct contact, every time.
We check the details that catch landlords out
Before anything goes to HMRC.
Simple to get started, simple to keep running.
Tell us about your property or portfolio, and where you're based.
Rent received, and what you've spent on the property.
Checked, and explained before anything's filed.
Clear figures each year, and a heads-up on anything changing.
Things people ask.
Can't see yours? and we'll happily talk it through.
Do I need to declare rental income if it's small?
The first £1,000 of rental income a year is tax-free under the property allowance. Above that, it generally needs declaring, and a full Self Assessment return is required once your rental income passes £10,000 before expenses, or £2,500 after expenses. We'll check where you stand.
What's the Non-Resident Landlord Scheme?
If you live abroad and rent out a UK property, your letting agent or tenant usually has to deduct basic rate tax from the rent before it reaches you. You can apply to receive it gross instead, if your tax affairs are up to date, and we'll handle that application for you.
I haven't declared rental income before. What happens now?
HMRC's Let Property Campaign is the route for putting this right. We'll handle it properly and calmly, rather than you having to approach HMRC on your own.
Does Making Tax Digital apply to landlords?
It's being phased in by income: over £50,000 from 6 April 2026, over £30,000 from 6 April 2027, and over £20,000 from 6 April 2028, counting your rental and self-employment income together. We'll let you know when it applies to you.
How much does it cost?
It depends on how many properties you have and how your affairs are set up. We'll be straight with you about what's involved, and what it'll cost, before anything starts.
Often paired with.
We look after landlords with property across Jarrow, South Tyneside, Newcastle and the wider North East, remotely across the UK, and for landlords living overseas.
Let's take your rental accounts off your plate.
Have a quick chat and we'll tell you exactly what we need and when.
Prefer a call back?
Leave your details and we'll ring you at a time that suits.