A Landlord is an individual or entity that owns property and rents it out to tenants in return for income.

From a tax perspective, being a landlord is treated as running a property rental business, even if it’s not your main occupation.

Key Features

  1. Rental Income Income is generated through letting residential or commercial property.
  2. Investment focus Many landlords view property as a long-term investment — generating income and potential capital growth.
  3. Flexible structure Property can be held:
  • Personally (as an individual)
  • Jointly with others
  • Through a Limited Company

What are the compliance requirements?

Owning rental property comes with ongoing tax and reporting responsibilities.

Accounting obligations

  • Keep records of rental income and allowable expenses
  • Track property-related costs (repairs, mortgage interest, agent fees)

Tax obligations

  • Declare rental income via Self Assessment (if held personally)
  • Pay Income Tax on profits
  • Consider Capital Gains Tax on sale
  • Companies pay Corporation Tax on rental profits

Other considerations

  • Mortgage interest relief restrictions apply for individuals
  • Additional Stamp Duty on property purchases
  • Making Tax Digital requirements may apply for if properties are held personally

Is being a Landlord right for you?

Property can be a strong long-term investment, but it’s not passive income without effort.

Key considerations:

  • Cash flow vs capital growth
  • Tax efficiency of ownership structure
  • Ongoing compliance and regulation
  • Exit strategy