Property income: sole ownership

This schedule sets out the scope of services we will provide.

The purpose of this schedule is to clearly define what is and is not included in the scope of our work.

This schedule should be read in conjunction with our engagement letter and our standard terms of business.

As part of our agreed services, we will:

• Request and review details of your rental income and allowable expenses
• Calculate your rental profit or loss for the tax year in line with applicable law
• Advise on any reliefs or deductions available (e.g. mortgage interest, repair costs)
• Report your rental figures accurately within your Self-Assessment tax return
• Liaise with you to clarify any inconsistencies or queries relating to your records

Please note: this list is not exhaustive. Any work not specifically listed under "Included work" is deemed outside the scope of this engagement unless we have expressly agreed otherwise in writing.

Where additional work is required, we will advise you of the scope, our proposed fee, and obtain your agreement before proceeding.

The following work is outside the scope of this service unless separately agreed in writing:

• Advice relating to jointly owned or partnership rental properties
• Capital Gains Tax calculations on the sale of property
• Tax planning advice on property ownership, structuring, or incorporation
• Advice regarding furnished holiday lets, overseas property, or commercial property

Please note: this list is not exhaustive. Any work not specifically listed under "Included work" is deemed outside the scope of this engagement unless we have expressly agreed otherwise in writing.

Where additional work is required, we will advise you of the scope, our proposed fee, and obtain your agreement before proceeding.

You agree to:

• Provide complete and accurate records of income and expenses for the property
• Ensure that all information is submitted to us in a timely manner
• Retain supporting evidence for all claims in accordance with HMRC requirements
• Notify us of any significant changes to your rental activities or property ownership

We agree to:

• Accurately calculate and report your rental income in accordance with applicable law
• Identify and apply legitimate deductions to reduce your taxable profit
• Submit your Self-Assessment tax return to HMRC by the statutory deadline
• Keep you informed of any changes in legislation affecting your property income