Property Investor Accounting with eCloud Experts
Empower Your Property Investment with Expert Accounting
We understand you’re managing a great deal – dealing with tenants, maintenance, and the financial complexities of your business. Take a moment to relax and let eCloud Experts, handle your accounting duties. We’re based in the UK and specialise in property accounting.
But we’re more than just number crunchers. We can help you set up your business and advise you on investment strategies. Our advisors can also guide you through the process of acquiring and managing properties. And we provide bespoke Xero services that fit your unique needs.
We’ve clocked countless hours using Xero, mastering its ins and outs. We’re certified Xero specialists, providing bookkeeping and top-notch training, setup, and migration services. With us, you’ll be in safe hands, knowing you’re maximising your investments.
Whether you’re a seasoned investor or starting your property journey, we’re here to simplify your accounting. So, what’s holding you back? Get started with us today and watch your property investment worries melt away.
Make The Most of Your Property Investments with Our Tailored Services
Ready to take your property investments to the next level? We’ve tailored our services to help you get the most out of your properties, no matter your experience level or the size of your business.
Helping You Decide on Buy-to-Let Financing
We offer expert advice on whether to finance your buy-to-let property with a limited company mortgage or personal investment
Property Owner Accounting Solutions
Optimise tax savings and reduce capital taxes with our expert services for landlords and investors.
Buy-to-Let Accounting Services
As experienced property accountants, we can handle all financial aspects of your buy-to-let properties
Inheritance Tax Guidance
Get personalised advice to protect your legacy and plan for your family’s future.
Stamp Duty Advice
Receive guidance to pay the correct stamp duty as a landlord or buy-to-let investor
Capital Gains Tax Guidance for Properties
Get our expert advice on handling capital gains tax for all your real estate investments.
Get in touch today and discover how we can help you unleash the full potential of your properties.
Stress-free Landlord Self-Assessment Tax Returns
Navigating the world of landlord self-assessment tax returns can feel like an uphill struggle. But with us by your side, it doesn’t have to be. We help UK & Non-UK landlords to manage tax and accounts of their buy-to-let properties.
Our experienced team of tax specialists provide a personalised service to ensure that landlords like you can make the most of your rental income and maximise tax savings.
Making Tax Digital For Landlords
Is your annual turnover £50,000 or more as a landlord? Get ready for a change! HMRC is making tax digital from April 2026, transforming the way you manage your tax records. And if you’re self-employed and earning above £30,000, you’ll be joining the digital revolution in April 2027.
You’ll need to switch to a cloud accounting software like Xero or QuickBooks to monitor your rental income and expenses. We can guide you through the process, ensuring you’re meeting all requirements without a hitch.
Non-Resident Landlord (NRL) Scheme: Your Tax Onligations
Are you a UK landlord living abroad? You’ll likely need to complete a tax return each tax year. When you sign up with HMRC as a landlord, you’ll be registered in the Self-Assessment system. Unless HMRC tells you otherwise, you’ll need to complete a tax return each tax year.
The NRL Scheme means the UK letting agents deduct tax from your rental income. But you can apply to receive rental income without UK tax deductions. If you haven’t applied, your letting agent should provide a yearly tax liability certificate.
eCloud Experts can help you liaise with your bank, mortgage broker, letting agent and stockbroker.
National Insurance
You must pay Class 2 National Insurance if your profits are more than £11,908 a year and what you do counts as running a business, if all the following apply:
- Being a landlord is your main job You rent out more than one property You’re buying new properties to rent out If your profits are under £6,725, you can make Voluntary Class 2 National Insurance payments, for example, to make sure you get the full State Pension.
Tax Deductions for Landlords
For UK landlords, understanding which expenses are tax-deductible is crucial. Allowable expenses are incurred solely for renting out your property and help reduce rental income and taxable profit.
Allowable Expenses
- Repair and maintenance costs
- Insurance
- Agent fees
- Legal expenses
- Service costs, e.g., cleaning, gardening
- Mortgage interest for property purchase or improvement
Note: Personal living expenses, such as utilities and council tax, are not deductible
Non-Allowable Expenses
- Personal living expenses
- Capital expenditures, e.g., furniture purchases
- Property value-boosting improvements (Capital Allowance)
- Fines or penalties from HMRC/regulatory bodies
- Travel costs to property, except for office use
- Entertainment expenses or free accommodation for family/friends
We can advise you on how to maintain accurate expense records or help you claim deductible expenses to reduce your tax burden.
Safeguard Your Investment with a Declaration of Trust
Picture this: you and your partner jointly own a rental property. But how do you determine who owns what? This is where a Declaration of Trust, also known as a Deed of Trust, steps in. This document clearly states each owner’s share in the property, making life a lot easier for couples, whether married or in a civil partnership.
Understanding the Declaration of Trust
In most cases, HMRC presumes that a property owned by a couple is equally divided between the two partners. This results in a straightforward 50-50 ownership split. So, the HMRC expects both parties to file a self-assessment and pay tax on their share of the property.
But, a Declaration of Trust (Deed of Trust) can make this clear to the HMRC. It shows that the income made from a jointly owned rental property isn’t divided equally between the owners.
With a Deed of Trust, couples can legally specify their individual shares in the property. This allows for a more accurate picture of ownership and income distribution for taxation purposes.
Why Do Landlords Need a Declaration of Trust?
A Deed of Trust can be a strategic tax-saving tool, especially when one party earns significantly more than the other. Here’s how it works:
Let’s take Jack and Maya, who are married.
- Jack and Maya purchase a buy-to-let property together, contributing equal amounts.
- They rent out the property, generating an annual income of £25,000.
- HMRC presumes that Jack and Maya each receive £12,500 from the rental income.
- Both Jack and Maya must file a Self-Assessment.
- However, Maya’s income is £35,000, while Jack’s is £80,000, leading to different tax liabilities on their rental income.
- Maya ends up paying £2,250, while Jack pays £4,000.
- Now, if the rental income was solely in Jack’s name, their total tax payment would drop to £4,000, making it more tax-efficient.
- So they sign a Declaration of Trust, along with Form 17, making Jack the sole beneficiary of the rental income.
Let Us Help You with Your Declaration of Trust
If you’re a landlord looking for ways to save on taxes and get the most from your rental income, a Declaration of Trust might be the answer. Our team of experts can guide you through this process. Our service includes: Providing the Trust Declaration document: We’ll provide the paperwork you need, tailored to your specific situation. Easy-to-follow instructions: We’ll help you fill out the Trust Declaration correctly, so you don’t have any problems later. Making sure signatures are witnessed: We’ll check that your signatures on the Trust Declaration are witnessed properly. Help with keeping records: You’ll keep the Trust Declaration, and we’ll show you how to store it and when to show it to the tax department (HMRC) if needed.
Why Choose eCloud Experts: Your Key to Property Investment Success
HMRC Expertise
Our in-depth knowledge of HMRC regulations enables us to provide accurate and compliant tax return services, reducing the risk of costly mistakes and penalties
Xero Proficiency
Our seamless integration with Xero ensures that your financial data is efficiently managed and easily accessible, simplifying your tax return process
Comprehensive Tax Return Services
From rental income and expenses to deductions and reliefs, we take care of every aspect of your landlord tax returns, ensuring maximum accuracy and compliance
Timely Filing
We ensure that your landlord tax returns are filed accurately and on time, minimizing the risk of penalties and fines
Competitive Pricing
Our services are competitively priced, ensuring that you receive high-quality tax return services at an affordable cost
Personalised Support
We provide tailored advice and support based on your unique circumstances, helping you make informed decisions and optimise your tax position
Our Other Xero Services
Xero Training for Landlords and Property Investors
Ever wished you could navigate Xero like a pro? We offer bespoke Xero training tailored for landlords. We’ll walk you through everything, from the basics to advanced features, turning you into a Xero pro in no time.
Xero Bookkeeping Service
Tired of the endless paperwork and number crunching? We’re here to lighten your load. Our Xero bookkeeping service is designed to keep your financials in check. We’ll take care of your day-to-day bookkeeping needs, giving you more time to focus on your property investments.
Xero Setup and Migration
Worried about switching to Xero? Don’t be! We’ll take care of all the details, ensuring a seamless transition. Before you know it, you’ll be up and running on Xero, ready to take your property investment game to the next level.
Leading App Support & Integration Including
Never Do It On Your Own Again
With us as your Xero advisor, you can get a handle on your business’s finances through the power of Xero and the apps which integrate with it. We make sure that every single day is business as usual for you and your team.