Rental Property Checklist

Welcome Lowther's Rental Property Questionnaire. 

Complete this questionnaire if you own or have paid a deposit on a rental property.

If there is a required field (marked by *) that does not apply to you, please enter either 0 or N/A.

The new ring-fencing rules of rental loss apply from 1 April 2019.

Tax payers will no longer be able to offset tax losses from these properties against other income. The excess loss amounts will be carried forward to later income years and will be available to be off-set against any future residential rental income the person derives.

Your Details

Rental Properties

Property 1

Was this property purchased during the 2023 tax year?
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Have you engaged with a professional valuer?
Please provide the relevant valuation documents
Was a loan drawn down to finance this property?
Payment type
Please provide the relevant loan documents
Have you completed any renovations on this property?
Please provide any relevant documents relating to the renovations (e.g. invoices)
Was this property sold during the 2023 tax year?
 +

Please send copies of the following documents to Lowthers (from 1 April 2022 to 31 March 2023)

Bank Statements
Loan Statements
Legal Statements
Property Management Statements
I will also provide the following to Lowthers
Have you included copies of the required documents: *

Property 2

Was this property purchased during the 2023 tax year?
 +
 +
Have you engaged with a professional valuer?
Please provide the relevant valuation documents
Was a loan drawn down to finance this property?
Payment type
Please provide the relevant loan documents
Have you completed any renovations on this property?
Please provide any relevant documents relating to the renovations (e.g. invoices)
Was this property sold during the 2023 tax year?
 +

Please send copies of the following documents to Lowthers (from 1 April 2022 to 31 March 2023)

Bank Statements
Loan Statements
Legal Statements
Property Management Statements
I will also provide the following to Lowthers
Have you included copies of the required documents: *

Property 3

Was this property purchased during the 2023 tax year?
 +
 +
Have you engaged with a professional valuer?
Please provide the relevant valuation documents
Was a loan drawn down to finance this property?
Payment type
Please provide the relevant loan documents
Have you completed any renovations on this property?
Please provide any relevant documents relating to the renovations (e.g. invoices)
Was this property sold during the 2023 tax year?
 +

Please send copies of the following documents to Lowthers (from 1 April 2022 to 31 March 2023)

Bank Statements
Loan Statements
Legal Statements
Property Management Statements
I will also provide the following to Lowthers
Have you included copies of the required documents: *

Disclaimer

I accept responsibility for the completeness of all records and information supplied to Lowthers for the purpose of them preparing my Income Tax Return.
 
Where information cannot be located by me I hereby authorise Lowthers to obtain from third parties any records or information that they require to prepare my Income Tax Return and accordingly these third parties are authorised to provide to Lowthers this information.
 
I acknowledge that additional accounting costs may be incurred for collecting such missing information where this ordinarily should have been included in my documents submitted to Lowthers.
 
If complete information is not supplied I acknowledge that this may delay the completion of the financial statements and income tax return.
 
Our Terms of Trade are
 
You will receive our fees invoice on completion of your assignment. On larger assignments progress invoices may be issued. Our fees invoice will be addressed to your Company, Trust or Partnership as the main entity and could include all work for all your tax payer entities including yourselves as individuals.
 
All invoices are due for payment 14 days after date of invoice.
 
So that we can continue to provide our high quality of service, we ask that you pay your accounts on time. If at any time you have any queries or concerns regarding payment, we ask that you contact us as soon as possible to work out a resolution. We have a range of payment options to accommodate multiple situations.
 
We reserve the right to charge interest at 2% per month on outstanding balances.
 
In the event of default, if the accounting work is undertaken on behalf of a company or trust, the shareholder/s or trustee/s will be held personally liable for any unpaid invoices.
 
In the event of default, debt collection costs and other costs incurred relating to the collection of outstanding balances are to be charged on the debt and passed on to you until paid in full.
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