IN Accountancy

Property Tax Essentials Checklist

For Landlords, Investors & Developers – Residential & Commercial

Are you making the most of your property investments — or missing costly opportunities? Use this checklist to stay on top of your obligations, avoid common pitfalls, and ensure you’re not paying more tax than you need to.

Ownership & Structure

Do you know the most tax-efficient way to own your properties (personal name vs. limited company/PSC)?
Have you reviewed your structure in light of Section 24 (restrictions on mortgage interest relief)?
Are your records up to date with Companies House and HMRC?

Income & Expenses

Are you declaring all rental income — including furnished holiday lets or overseas properties?
Do you understand what expenses you can and can’t claim?
Are you keeping detailed, accurate records of income, expenses, and receipts?

VAT

Do you know whether VAT applies to your property transactions or conversions?
Have you opted to tax where appropriate — and understood the implications?
Are you submitting VAT returns correctly and on time?

Property Development

Are you correctly distinguishing between trading income vs. capital gains?
Do you have a plan for capital allowances or remediation relief on development projects?
Have you reviewed the VAT position on building costs and planning fees?

Selling Property

Do you know how much Capital Gains Tax you might owe — and when?
Have you reported any sales within the required 60-day reporting window (for UK residential property)?
Are you making the most of available reliefs like Private Residence Relief, Business Asset Disposal Relief, or Incorporation Relief?

Planning & Review

Have you reviewed your property strategy in the last 12 months?
Do you have a clear exit plan or succession strategy in place?
Are you working with a specialist advisor who understands both your business and personal goals?

Want expert guidance and peace of mind?

We offer a free initial consultation to help you understand your position and uncover opportunities to save tax and improve returns. Book a call with us.

Get a Quote

Property Tax Essentials Checklist

For Landlords, Investors & Developers – Residential & Commercial

Ownership & Structure

Income & Expenses

VAT

Property Development

Selling Property

Planning & Review

Want expert guidance and peace of mind?

About

Get Started

Sectors

Contact Us

©2025

IN Accountancy Ltd

Privacy Policy

Site Map

Menu