tax return

Focus on Your Property, Not Your Self Assessment

The more locations you lease as a landlord or property manager, the more bills, administrative responsibilities and maintenance issues you’ll have to be prepared for. The last thing you need is a highly complex rental property tax return to grapple with too.

Utilising trustworthy tax calculation and payment software can really make a difference to land and property managers, reducing paperwork and removing pressure from an already time-consuming profession.

Luckily, entering all your earnings and expenses into GoSimpleTax is a doddle. The tax software will help you work out your annual rental income as well as your taxable income, doing the legwork for you while you relax a little, look after your tenants and focus on building your portfolio.

Carry GoSimpleTax around with you in mobile app form for use when you’re travelling between residential properties, and rely on its trusty notifications, tips and advice, to let you know if and how, you could be paying less tax per annum.

Join over 33,000 users who use GoSimpleTax to submit their tax returns every year.

Start Your Free Trial

Take the stress out of submitting your self assessment tax return

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Reduce Admin Time

Our easy to follow landlord accounting software speeds up the tax return process by keeping your previous years submissions.

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Save Money

GoSimpleTax shares tips and advises you on additional claimable expenses that you may not have been aware of so you can save money.

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Step-by-step Guide

File your self assessment with ease, with our HMRC approved step-by-step approach to tax returns.

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Accuracy is Key

Our intuitive software automatically alerts you when you've missed something or made a mistake in your submission.

Recording Income and Expenses

Any income from rental property is taxable.

As a landlord, you must pay income tax on an ongoing basis any profit made from property rental.

In order to calculate the tax return correctly it’s a businesses responsibility to accurately record any financial transactions in alliance with the laws sent out by HMRC.

GoSimpleTax will help you:

• Establish the amount received from your tenants

• Establish how much money you need to spend in order to run your business successfully

• Record costs, income and expenses

With years of experience within the industry, GoSimpleTax knows the importance of recording your business and income and expenses and can help you do it efficiently.

Allowable Expenses & Landlord Tax Relief

As a landlord, it is inevitable that you’ll incur extra expenses.

The good news is that you’re able to reduce your tax bill by claiming these additional expenses back.

However, the rules can be quite complex and businesses often don’t know what they can claim for.

GoSimpleTax shares tips which will help you identify the different allowable expenses you can receive by adhering to the “wholly and exclusively” rule.

This means you’ll receive prompts for additional claimable expenses you may have previously overlooked. This feature alone pays for the subscription for most users.

Click here to find out how to complete the SA105 tax return form.

Why GoSimpleTax?

GoSimpleTax is the quick and easy solution to managing all of your Self Assessment information as a landlord.

Our tax software is a powerful tool which proves effective, even for those with complicated tax affairs.

From just £30 per year, the tax return software can save you an average of £240 per annum on fees – if used in place of an accountant.

There’s no need to second-guess the information as you enter it; the simple and intuitive interface includes Artificial Intelligence features that alert you when you’ve missed something or made a mistake in your tax return; something that could otherwise earn you a hefty fine.

You don’t even need to splash out on a new device – GoSimpleTax is available on both iOS and Android.

We offer a no-obligation free trial which means you can get started free of charge today. So cut the stress out of your self-assessment tax return and consider our simple, yet effective tax accounting software.

£ 30 / TAX YEAR
Non Subscription: £50.00
*Prices include VAT
Silver
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
FreeAgent
FreshBooks
QuickBooks
SumUp
Xero (beta)
Start your free trial
£ 36 / TAX YEAR
Non Subscription: £60.00
*Prices include VAT
Gold
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
FreeAgent
FreshBooks
QuickBooks
SumUp
Xero (beta)
Start your free trial
£ 46 / TAX YEAR
Non Subscription: £77.00
*Prices include VAT
Platinum
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
FreeAgent
FreshBooks
QuickBooks
SumUp
Xero (beta)
Start your free trial
£ 48 / TAX YEAR
Non Subscription: £80.00
*Prices include VAT
SA800 Partnerships
Submit Directly to HMRC
Partnership Tax Return (SA800)
Property Income (SA801)
Foreign Income (SA802)
Disposal of Assets (SA803)
Investments Income (SA804)
Auto populate partner’s SA104
Add partners at anytime
  
  
  
  
  
  
  
  
 
 
 
 
 
 
Start your free trial
See all pricing
£ 30 / TAX YEAR
Non Subscription: £50.00
*Prices include VAT
Silver
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
FreeAgent
FreshBooks
QuickBooks
SumUp
Xero (beta)
Start your free trial
£ 36 / TAX YEAR
Non Subscription: £60.00
*Prices include VAT
Gold
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
FreeAgent
FreshBooks
QuickBooks
SumUp
Xero (beta)
Start your free trial
£ 46 / TAX YEAR
Non Subscription: £77.00
*Prices include VAT
Platinum
Submit Directly to HMRC
View Tax Calculation
Print your Tax Calculation
Download Form R40
Mobile App
Scan Receipts
Self Assessment Categorisation
Basic Tax Return (SA100)
Employment (SA102)
Self Employment (SA103)
Partnership (SA104)
Property (SA105)
Ministers of Religion (SA102M)
Foreign (SA106)
Trusts (SA107)
Capital Gains (SA108)
Residency (SA109)
FreeAgent
FreshBooks
QuickBooks
SumUp
Xero (beta)
Start your free trial
£ 48 / TAX YEAR
Non Subscription: £80.00
*Prices include VAT
SA800 Partnerships
Submit Directly to HMRC
Partnership Tax Return (SA800)
Property Income (SA801)
Foreign Income (SA802)
Disposal of Assets (SA803)
Investments Income (SA804)
Auto populate partner’s SA104
Add partners at anytime
  
  
  
  
  
  
  
  
 
 
 
 
 
 
Start your free trial

Frequently asked questions

Do I have to declare rental income?
In most cases, you will have to declare your rental income to HMRC. You're exempt from this if you earn less than £1000 per year in rental income. If you are a landlord earning between £1000 and £2500, you need to contact HMRC. If you earn between £2500 and £9000 after allowable expenses, or £10,00 and above before allowable expenses, you must complete a self assessment tax return. Your income tax band will determine your tax rate each year.
What happens if I don't pay tax on rental income?
As a private landlord, you must pay income tax on any profit made from buy-to-let properties, so long as your income is higher than the basic rate threshold of £12,500. Tax avoidance can lead to very severe consequences. If you fail to submit your buy to let tax return, you can face a series of penalties including large fines.
faq
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