Diary of a Buy to Let Purchase Part 17 - If Carlsberg made tenants – shame the same can’t be said for the tax man

Being a landlady has really proved to be quite lovely. More than a year in and I have had no issues. If Carlsberg made tenants, they would probably have made mine.

I will admit it, I have been feeling pretty good about the whole thing.  Until last week when THE DREADED EMAIL arrived from Companies House, telling me that my accounts were due – in three weeks’ time. 

For those of you that have read this blog from the beginning, you may well recall my very nonchalant comment, that I would not be engaging an accountant for something as simple as my company.

Rent in, mortgage payment out, right?

How hard could preparing the accounts be?  I am now seriously regretting this statement! While nothing has changed in terms of what the company does, now I am faced with the prospect of having to actually do this, I am having a serious volte face. Kind of…

Most normal people would simply call an accountant. Let’s face it, August isn’t exactly tax return time so I should be able to find one with time on their hands. I know this is what I should do, but me being me, a stubborn old bag, I’ve decided that I am going to do this myself, mainly because I want to understand how it works and what’s involved.

Of course, I will be blogging again in a few weeks to let you know how it went – should be interesting.

In the meantime, please send gin...


Diary of a Buy to Let Purchase

Follow Jeni as she recounts her experiences of becoming a buy to let investor for the first time.

Part 1 - It was that or a Range Rover

Part 2 - I've made £800 already and I haven't got the mortgage yet

Part 3 - The demise of Nathaniel Pig

Part 4 - Call off the dogs...

Part 5 - @***** bank account

Part 6 - Business bank account interview or Center Parcs?

Part 7 - Reality bites...

Part 8 - The method behind the madness

Part 9 - Join me in a buy to let fist pump?!

Part 10 - The silence is deafening  

Part 11 - Throwing toys out of prams

Part 12 - Stuck with the Mini... for now

Part 13 - Time is running out

Part 14 - The end of my sad little tale...

Part 15 - Just call me Peggy

Part 16 - A year on my buy to let portfolio grows by default

Part 18 - Always open the envelope

Part 19 - OMG EPC FFS

Part 20 - Buy to let mortgages and tenants are like buses



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