Looking forward to hearing him speak at the next Quickbooks conference, sadly the last one was cancelled due to Corona.
HMRC rules state that, as a landlord, you should declare your rental income from the date of the first let, not when you make a profit. HMRC are currently checking in the Land Registry to track down non-complying landlords. This may mean large fines. If in doubt, give us a call.
When it comes to completing self-assessment tax forms, it is easy to make a mistake that is punished by HMRC. We offer the assistance of a personal accountant to ensure your forms are filed correctly.