Required documents

We may need certain documents to make sure we are preparing your accounts as thoroughly as possible

 

Please note that we may not need all of the documents mentioned below. 

Required documents for accounting

We may require certain documents, especially if this is the company's first annual submission

You can view the full list of documents we may need during this submission below: 

Purchase related payments

These payments could be any payment made which is directly related to buying the property such as legal fees, sourcing fees, deposits, reservation fees etc. You can upload a receipt/bank statement for these payments. 

Exchange of contracts 

This marks the point at which both parties are legally bound to complete the property purchase transaction as the contract has been signed and usually a deposit is paid.

Completion statement

This signifies that the sales process is complete and ownership of the property and responsibility for that property has been transferred from the seller to you, this is after the final purchase funds have been sent via the solicitors, either by you or your mortgage lender.

 

You can request the documents above directly from your solicitor.

 

Rental Statements

A rental statement is a document outlining key details of a rental agreement between a landlord and a tenant. It includes information such as property details, lease terms, payment breakdown, utility responsibilities, security deposit, maintenance guidelines, and notice procedures. This document ensures clarity and serves as a record of the financial and contractual aspects of the rental arrangement for both parties.

When you use a third-party agent to manage your property rental business, you will generally receive a monthly, quarterly or annual statement from your agent.

 

It is an important document for accounting purposes as it will enable us to report both income and expenses correctly for tax purposes.

Council tax paid

If your tenant pays council tax, you will not need to worry about this document. However, there can be periods where the property is not tenanted and this may result in the current "owner" (yourself) being charged council tax.