Accountants for HMOs

Accountants for HMO landlords, room by room rental accounts, licensing and conversion costs, capital allowances on communal areas and company against personal ownership.

• Rental accounts per property with room level occupancy where it matters

• Licensing, fire safety and compliance costs treated correctly

• Repairs against improvements on conversion and refurbishment spend

• Capital allowances review on communal areas and qualifying plant

• Company against personal ownership modelled on your real numbers

• Self Assessment or company accounts, VAT where services are supplied

HMO income is normally a property business rather than a trade, even with more services than a standard let, unless the services are substantial enough to make it a trade. That distinction affects National Insurance, pension relevant earnings and capital gains reliefs, so it should be settled rather than assumed.

Mandatory HMO licensing applies to properties with five or more occupants forming more than one household, and many councils add additional or selective licensing on top. Licence fees are generally revenue, but the works required to obtain a licence are often capital, and the split is where landlords over-claim.

Capital allowances are not available on the dwelling itself, but plant in communal areas can qualify, and the finance cost restriction still applies to personally held residential lets, giving only 20% relief on mortgage interest. For a heavily geared HMO portfolio that restriction is usually the decisive number in the company question.

Thresholds, rates and deadlines quoted here reflect the 2026/27 UK position. Check current GOV.UK guidance, or ask us, before you rely on them for your own company.

We start by looking at the last filed accounts, your current records and your filing dates, then confirm a fixed scope and fee in writing.

Once the work is live you get reminders ahead of each deadline, a named person to ask questions, and a plain-English summary when the figures are ready, not a PDF with no explanation.