Do I need to pay Capital Gains Tax when I sell my home?

In most cases, no. Your main residence is exempt from Capital Gains Tax under Private Residence Relief. However, if you have let the property, used part of it for business, or it is not your only home, a proportion of the gain may be taxable. CGT may also apply if the garden or grounds exceed […]

Do I need to declare rental income on my tax return?

Yes. If you receive rental income from UK property, you must declare it on your Self Assessment tax return. You can deduct allowable expenses such as letting agent fees, repairs and maintenance, insurance, and mortgage interest (subject to restrictions for residential landlords). Profits are subject to income tax at your marginal rate.

A guide to residential property taxes in England

Owning property in England comes with a variety of taxes and whilst there is no singular ‘property tax’ to cover it all there are categories of taxes that you need to understand to stay compliant and manage your liabilities effectively.

Should I hold my investment property in a Limited Company or personal name?

If you’re a higher‑rate taxpayer or planning to build a portfolio, a limited company is usually more tax‑efficient. If you’re a basic‑rate taxpayer with one or two properties, personal ownership is often simpler and cheaper.
This conclusion is strongly supported by current UK tax rules for 2026, especially Section 24 and corporation tax rates.

What are the latest Capital Gains Tax (CGT) changes for UK landlords in 2026?

The key Capital Gains Tax (CGT) changes affecting UK landlords in 2026 are: a much lower annual allowance, continued higher CGT rates on residential property (18% and 24%), and confirmation that these rules remain in force from 6 April 2026. These changes mean most landlords will pay more CGT when selling rental property.

BLE Property Management

The team at Durrani & Co continued to give us the usual support and ensure we were compliant with HMRC and our regulating bodies.

Mortgage Applications

Discuss your plans to apply for a mortgage with us before your accounts and tax return are submitted, as this may affect how certain items are treated.

Trusts

If you are interested in setting up your own trust, please contact one of our Professional Tax Accountants who can help and advise you on Trust Accounting.

Self Assessment

We offer a full personal tax compliance service where we can assist you in preparing and submitting your self-assessment tax return on time.

Property

Accountants in our firm are highly experienced in all aspects of landlord accounting, such as landlord bookkeeping, filing annual property accounts, and filing landlord tax returns.

Partnerships

Our team understands that your time is your most valuable asset, which is why we offer a comprehensive range of accounting services for partnerships.

Capital Gains

Our professional tax accountants can advise you if you’re eligible for tax relief on the property if it is a business asset.