What we offer property businesses
As Xero Gold Partners and ICAEW chartered accountants, we provide specialist accounting services for the property sector:
- Rental income tracking per property and tenant
- Mortgage interest and expense allocation
- Section 24 tax relief calculations
- Capital gains tax planning for property disposals
- CIS (Construction Industry Scheme) compliance for refurbishments
- Multi-entity structures for property portfolios
Why property businesses choose Xero with JacRox
Property accounting gets complicated fast, especially with multiple properties, mixed-use buildings or Section 24 changes. Xero tracking categories let you see profit and loss per property without separate spreadsheets.
We are part of Jack Ross Chartered Accountants, established in 1948. You get a dedicated named accountant who understands your industry, transparent fixed fees, and the full support of an ICAEW-regulated firm.
Accounting challenges for property businesses
Property accounting isn’t like other industries. You need to track income and costs per property, handle complex depreciation on fixtures and fittings, manage tenant deposits correctly, and stay on top of the capital allowances that can make a real difference to your tax bill.
We set up Xero’s tracking categories so you can see profit and loss for each property or development project separately. That means you know which properties are performing and which ones are dragging. For landlords with mortgages, we also track interest costs against the right property and handle the Section 24 tax relief restrictions that have caught many landlords out since 2020.
If you’re a property developer rather than a landlord, the accounting treatment is different again. We’ll make sure your builds are treated correctly for corporation tax and that your CIS deductions are handled properly.
Get started with a free consultation
If you run a property business and want to get more from your accounting, get in touch. We will review your current setup and show you how Xero can help. Call us on 0161 832 4451 or book a free consultation.
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