Tax return guidance: The deadline is coming

12th January 2016

Just as you are getting over the celebrations of the festive period, you receive an email from your accountants gently reminding you that you still need to complete your self-assessment tax return. Does this sound familiar to you? Some of our clients leave gathering the relevant information until the very last minute, which can make the process more stressful. You may have to locate missing paperwork as well as not having much notice of any tax to pay before it is due on the 31st January 2017. Getting everything together now should prevent this.

Several of our clients own rental properties, so this blog is intended to assist those clients with collecting the required evidence needed for your tax return. A typical tax return could include the following items:

Rental income (excluding any deposits received)

Managing agents fees

Mortgage interest (only the interest element is allowable)

Repairs and renewals (we will need a description of the work done - send us invoices if possible)

Buildings insurance/landlords insurance

Garden upkeep


Service charges

Ground rent


Council tax, rates & utility bills

Wear and tear allowance (if the property is let furnished)

The above list is intended to give you an idea of the items that can be included. As I am sure you are aware, tax rules are continuously changing regarding allowable and not allowable expenses. Therefore if you have any doubts, always seek the advice of our expert Tax Manager, Anthony Barron, who will be happy to assist with any self-assessment taxation queries.

As mentioned in previous blogs, it is really worth using the checklist as a guide when compiling information needed for your tax return. If you need us to send you another copy then please do not hesitate to get in touch.

Author: Gemma Stephens, Accounts Assistant and member of the Tax team


Any views or opinions represented in this blog are personal, belong solely to the blog owner and do not represent those of Plus Accounting. All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.

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