Partner with Richard Riley and Associates for stress-free property accounting support for your landlord clients

As a letting agent, your landlords rely on you for more than just finding tenants – they expect you to help them stay compliant and keep up with ever-changing tax rules. At Richard Riley and Associates, we work alongside letting agents to help your clients navigate property tax, reporting and compliance, so everyone can stay on track.

Capital Gains Tax on Property Sales

If your landlords sell a buy-to-let or second home, they must:

• Report the sale to HMRC
• Pay any Capital Gains Tax (CGT) within 60 days of completion

Even modest gains (or sometimes no gain at all) still need to be reported. Current CGT rates are:

• 18% for basic rate taxpayers
• 24% for higher rate taxpayers

We can help you brief landlords on what to expect and review available reliefs before a sale goes through.

Supporting Mortgage Applications

When landlords buy a new property, mortgage lenders often ask for:

• An Accountant’s Certificate
• Proof of rental income or detailed income reports

We’re happy to work with you and your landlords to provide the necessary paperwork quickly and accurately, helping to keep purchases on track.

Making Tax Digital: What Letting Agents & Their Clients Need to Know

From April 2026, Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will start to roll out and it’s set to impact landlords across the UK.

As a letting agent, your clients will need to be prepared for these changes. Whether they’re individual landlords with one property or larger portfolio owners, the way they record and report income tax is about to change.

What this means for your clients:

• Income from property will need to be tracked and reported using HMRC-approved digital software.
• Quarterly submissions will replace the annual Self Assessment tax return.
• Landlords with income above £50k (from property, self-employment, or both) will be the first to move over in April 2026, followed by those over £30k in 2027 and £20k in 2028.

Helping Your Clients Claim What They Can

Landlords can still reduce their taxable profits by claiming:

• Routine repairs and maintenance
• Decorating, gardening, and contents insurance
• Replacement of furniture and appliances

Improvements (like new kitchens or extensions) can’t be deducted as income expenses, but may reduce CGT when the property is sold.

Mortgage Interest Relief Changes

Your landlords may ask why their tax bills have changed:

• Mortgage interest can no longer be deducted directly from rental profits
• Instead, there’s a 20% tax credit to offset some of the tax due
• Commercial property landlords can still deduct interest in full

Overseas Landlords – What’s New

If you manage properties for overseas landlords using a UK Limited Company, note that:

• Corporation tax is now 25% (up from 19%)

This change could make a noticeable difference to your clients’ tax bills.

Why Partner with Us?

At Richard Riley & Associates, we’re here to:

• Explain complex tax rules in plain English
• Help you keep landlords compliant and informed
• Provide fast turnaround on reports, certificates and advice

Property tax is complex, but with the right partner you don’t need to carry that burden alone. We work directly with letting agents and their clients, advising on all property matters from Capital Gains Tax to mortgage reports, through to Making Tax Digital. This means clear guidance and practical support for your landlords every step of the way which means you can be confident that you and your clients are always one step ahead.

Richard Riley and Associates – your partner in hassle-free property accounting