Question

What records do I have to keep as a landlord?

Answered

Everything that supports the numbers on your tax return, plus every safety certificate and every notice you have served.

For tax that means rent received, invoices for expenses, mortgage interest statements, and completion statements for anything bought or sold. Keep them for at least five years after the January filing deadline for that tax year.

For compliance it means gas and electrical certificates, EPCs, deposit protection and prescribed information, Right to Rent checks and the How to Rent guide you handed over.

Making Tax Digital raises the bar, because the records have to be kept digitally in compatible software rather than in a folder.

Tofta counts the dates in answers like this one.

Gas safety, electrical safety, EPC, insurance, licensing, and the end of your fixed rate. One iPhone app, still being built.

Leave a Reply

Your email address will not be published. Required fields are marked *