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Painless, fast, and done for you online by a certified UK accountant. Tax returns as they should be.
Now 10% off for NRLA members.
Nobody likes doing taxes. They’re complicated and the tax jargon is just ridiculous.
That’s why we’ve become a Recognised Supplier of the NRLA, the UK’s largest membership association for private residential landlords, to offer their members a 10% discount on our tax return service, where a certified UK accountant files your tax return for you. All for a one-off fee of £107 (inc VAT).
And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start preparing your tax return.
That’s right, you’ll be matched with a real certified accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.
Once you’ve signed off your return, your TaxScouts accountant will submit your return with HMRC for you.
That’s it! We told you it was simple.
That’s right. No matter how complicated it gets or why you need to do a return, it’ll cost £107.
That includes VAT, last-minute changes and all the support you may need.
It’s a simple online process. Fast, efficient and a whole lot less scary than doing it yourself.
No more worrying about missing a rebate or making a mistake. Get your return drafted by a real, certified accountant.
It doesn’t matter how complicated your situation is or how much you earn. No matter what happens, it’s £107 with your discount.
Filling out your annual return needn’t be taxing. This start-up aims to take the pain out of many people’s biggest headache.The Times
It really depends.
Basically, the Real Time CGT return asks you to estimate how much your income will be for the year. If nothing significant changes and you don’t go over/under £50,000 a year (there are different CGT rates if you earn less or more than this), then you don’t need to do a Self Assessment.
However, if you lose a job or get a significant promotion, you might need to file a Self Assessment as well – by January 31st of the second year.
You don’t have to pay Capital Gains Tax (CGT) on property when:
What you can claim to reduce your CGT bill:
Registering for VAT as a self-employed is rare.
You only need to do it if:
Your UTR number is a Unique Taxpayer Reference that you get when you register for Self Assessment.
It consists of 10 digits (sometimes with a letter K at the end) and is issued to you by HMRC.
Check out our guide to getting a UTR.
If you’re self-employed, you can get up to £1,000 each tax year as a tax-free allowance. This is called the Trading Allowance.
No – unless you also need to file a Self Assessment.
You need to file a Self Assessment if:
If you do need a UTR number, we can help you get one quickly for a flat £25.
Not really. Anyone can use the Real Time CGT return for any capital gains (shares, cryptocurrencies, etc.), but only people selling property HAVE to use it – starting from April 2020.
As long as you also live there, you can actually claim the first £7,500 as a flat tax relief.
It’s called the Rent-a-Room Scheme, and it’s one of the best tax reliefs landlords can get.
If you earn under £7,500 from rent, you don’t even need to declare it or submit a Self Assessment tax return.
Again, the only condition is that you also live at the property.