Landlords tax deadline 31st January 2024

Posted: 15/1/2024


Landlords need to submit their tax returns on line by 31st January, and make any payment due, if they pay on account. This reminder comes as recent figures have revealed that HMRC penalties and interest has gone through the roof: £357m in the year to October 22, up from £137m the year before. Remember that a second payment is usually due on 31st July. For landlords who operate company buy-to-lets, joint Companies House-HMRC accounts must be filed on their due date, however, this does not usually exclude a landlord from having to submit self-assessment (SA). If you are a director in a company letting out property, there is a section of SA to complete, plus you must include any dividend payments from your company.

This tax year (22/23), the tax free threshold on dividends is just £2,000; next year that is down further to just £1,000. If you need help, contact HMRC or an account or tax advisor.

Good news for Key One Property client-landlords is that we supply a financial year report which makes submitting SA much easier. 

Key One Property offer LET ONLY or LET & MANAGE at affordable rates for landlords. 

Information provided here is general and we do not guarantee accuracy. Contact HMRC, an accountant or tax advisor for further guidance. 

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