Personal, company or excluded
Each property has a setting for whose tax return it belongs in. A personal property feeds your SA105 figures and your Making Tax Digital updates. A company-owned or excluded property leaves every personal tax figure, but stays in the rent pages, Finance and your reports, so the business is still run in one place.
Mixed portfolios
Most landlords who hold some properties in a company still own others personally. Both kinds sit in the same account, and only the personal ones reach your Self Assessment and Making Tax Digital figures.
What it does not do
LetCompliance does not prepare company accounts or a Corporation Tax return; your accountant does that from the company’s own records. The properties table does not yet group by owner or company.
Check how documents name the landlord
Documents name the landlords on each property’s Landlords card, with the account holder first. Where the company is the landlord, the company must be named, so read each tenancy agreement and notice before it is signed or served, and get in touch if it needs to change.
