A Simple Approach To The Self Assessment For Landlords
For those in buy-to-let residential property, tax returns can be overly complicated. The various forms you’re required to fill out can be exhausting – and that’s before you’ve factored in Capital Gains Tax or expenses you’re eligible to claim. We help change that by:
- Identifying relevant tax relief
- Only displaying forms relevant to you
- Filing your Self Assessment tax return directly to HMRC
Maximise Your Rental Income As A Landlord
Landlords choose GoSimpleTax to save time. Staying on the right side of the taxman can be arduous, and those in the industry often struggle to get all their documentation in order before the January deadline – never mind claim tax relief.
Our platform changes that by breaking down the Self Assessment tax return process. You can update your income and expenditure in real time, throughout the tax year. In this way, you can periodically see how much tax you owe, determine whether you’re paying the basic rate or a higher rate of tax, and look for any opportunities to reduce your tax liability before submitting your tax return.
In fact, when it comes to tax relief, we make it even easier to spot a potentially allowable expense by notifying you – whether that’s for furniture you’ve purchased for your rental properties, business stationery, or letting agents’ fees.
The best bit? All your expense receipts can be stored on our app. Instead of filing away paper copies, you’re able to take a photo and upload it directly to our platform.
Take the stress out of submitting your self assessment tax return
Don’t be wrong-footed by changing legislation. Our platform factors in the latest law and applies it to your tax return.
Whether it’s the Self Assessment tax return deadline or your second payment on account, we ensure you’re on track to file with time to spare.
Forget searching the HMRC website for rental business forms or those relating to any other earnings you may have. Access all the supplementary pages you need in one place.
Our software is recognised by HMRC and can file directly to them. All you have to do is simply pay tax through the HMRC portal, by post, or by BACS.
Why Should Landlords Use GoSimpleTax?
To simplify renting out a property
Investors with multiple rental or furnished holiday homes spend so much time on remaining compliant that they rarely get an opportunity to focus on their venture. We streamline the Self Assessment process so you can get back to doing what you love.
To increase your rental income
As our software highlights potential opportunities to reduce your tax liability, you’ll begin to recognise how renovations, insurance and even the cost of advertising for new tenants can be claimed back on. This helps you to increase the amount of rental income you receive.
To help you focus on your property
Poring over your accounts to ensure you’re straight with HMRC takes time. We understand that this time could be spent scouting new properties or renovating current ones, so we make using our software as straightforward as possible – with helpful alerts and dedicated support.
Try Our No-Obligation Trial Today
By joining GoSimpleTax, you can regain control of the Self Assessment process. What’s more, you won’t pay a penny until you want to submit your tax return to HMRC. Trial our software now to start assessing your obligations from the palm of your hand.
PRICING
All plans are free to use and allow you to calculate your Self Assessment tax return, you only pay at the point you want to submit to HMRC, or unlock the many tax saving suggestions.
Free guides, tailored exactly to your circumstances are emailed after registration, so why wait? Register today.
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INDIVIDUAL
Key Features
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Free Support
Email support Monday to Friday 9am – 5pm. (7 days per week in January).
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100+ Tax Saving Tips
Our software suggests tips to help you save on tax.
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Submit Directly to HMRC
Send your Self Assessment tax return directly to HMRC.
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Self Employment (SA103)
Enter Sole Trade income and expenditure for each business you may have.
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Property (SA105)
Enter property income and expenditure for the different rental types; Furnished holiday lettings, residential, commercial or rent-a-room.
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Residency (SA109)
Notify HMRC of your residency/domicile, claim personal allowance or remittance basis, if relevant.
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Basic Tax Return (SA100)
Complete your SA100 personal tax return and additional information pages.
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Employment (SA102)
Enter P60, P45, P11D or other employment information (including expenses).
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Ministers of Religion (SA102M)
Enter P60, P45 or other employment information, including expenses, as a Minister of religion.
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Partnership (SA104)
Enter partnership profit/loss share (easily include entries from your partner statement).
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Foreign (SA106)
Enter foreign income and gains [including foreign tax credit relief (FTCR)*] *manual calculation required.
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Trusts (SA107)
Enter trust income received (easily include entries from Form R185).
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Capital Gains (SA108)
Include any gains or losses made (including any relevant relief claims).
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Invoicing
Create and send invoices from your phone, tablet or computer. Send reminders for overdue invoices and can update your GoSimpleTax return automatically.
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Unlimited Income Per Month
Add all your income.
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Unlimited Expenses Per Month
Add all your expenses.
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Print Tax Calculation
You can print your tax calculation.
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View Tax Calculation
Your tax calculation broke down into section.
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View Tax Owed
See how much tax you owe in real time.
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Self Assessment Categorisation
All Self Assessment categorisations.
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Integrates with:
We ingrate with other apps to help you do more with your tax return.
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FreeAgent
Our integration to FreeAgent allows users to import a trial balance into the self-employed page of a tax return.
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FreshBooks
Import the Profit and Loss report from FreshBooks into GoSimpleTax.
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SumUp
Connect your SumUp account with GoSimpleTax and pull through your transactions directly into your tax return.
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Xero (Beta)
If you are a sole trader using Xero for your bookkeeping records then our integration will allow you to import your Profit and Loss report directly to the self employed page of your tax return.
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Free TrialFriends & Family
Key Features
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2 Returns - £83.99
File 2 Self Assessment tax return from the same tax year.
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3 Returns - £112.99
File 3 Self Assessment tax return from the same tax year.
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4 Returns - £135.99
File 4 Self Assessment tax return from the same tax year.
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5 Returns - £150.99
File 5 Self Assessment tax return from the same tax year.
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6 Returns - £169.99
File 6 Self Assessment tax return from the same tax year.
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7 Returns - £179.99
File 7 Self Assessment tax return from the same tax year.
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8 Returns - £188.99
File 8 Self Assessment tax return from the same tax year.
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9 Returns - £190.99
File 9 Self Assessment tax return from the same tax year.
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10 Returns - £191.99
File 10 Self Assessment tax return from the same tax year.
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Additional Returns £1 Each
If you need to file more than 10 tax returns in the same tax year, you will be charged £1 for each additional return.
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2 Returns - £138.99
File 2 Self Assessment tax return from the same tax year.
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3 Returns - £167.99
File 3 Self Assessment tax return from the same tax year.
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4 Returns - £190.99
File 4 Self Assessment tax return from the same tax year.
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5 Returns - £205.99
File 5 Self Assessment tax return from the same tax year.
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6 Returns - £224.99
File 6 Self Assessment tax return from the same tax year.
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7 Returns - £234.99
File 7 Self Assessment tax return from the same tax year.
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8 Returns - £243.99
File 8 Self Assessment tax return from the same tax year.
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9 Returns - £245.99
File 9 Self Assessment tax return from the same tax year.
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10 Returns - £247.99
File 10 Self Assessment tax return from the same tax year.
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Additional Returns £1 Each
If you need to file more than 10 tax returns in the same tax year, you will be charged £1 for each additional return.
Partnership
Key Features
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Free Support
Email support Monday to Friday 9am – 5pm. (7 days per week in January).
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Submit Directly to HMRC
Send your Self Assessment tax return directly to HMRC.
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Property Income (SA801)
Enter the income and expenses for any property income owned by the partnership.
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Foreign Income (SA802)
Enter foreign income received by the partnership.
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Disposal of Assets (SA803)
Enter disposals of any chargeable assets by the partnership.
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Investments Income (SA804)
Enter any savings, investment or other income received by the partnership.
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Add partners at anytime
Add partners to your tax return at any time.
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Free Trial