If you are one of those who hate spending time on tax and reporting as a landlord, you are far from alone.
Many landlords find that rules, deductions, and calculations take up both time and energy.
At the same time, the uncertainty about whether what you are doing is correct can cause concern.
Many find, in particular, that:
- the rules for deductions are difficult to understand,
- it takes a long time to collect and calculate the figures,
- it is difficult to be sure whether the reporting is correct,
- errors have financial consequences.
That is why many landlords seek help with both the calculation and reporting of tax.
Who can help with tax for property rentals?
There are typically three ways to get help:
1. Accountant or advisor
An accountant can help with the entire tax return and reporting.
It is a secure solution, but also clearly the most expensive.
2. You do it yourself in the Danish Tax Agency's system
You can report it yourself, but it requires that you understand the rules for:
- deductions,
- calculation of profit,
- potential use of the corporate tax scheme or the capital return scheme.
For many landlords, it is time-consuming and easy to make mistakes.
3. Digital tools for residential letting
A third option is digital solutions that help consolidate calculations and reporting in one place.
They can typically:
- calculate tax automatically,
- ensure that deductions are handled correctly,
- guide you step-by-step through the reporting process,
- reduce the risk of errors.
An easier way to handle tax as a landlord
If you do not want to spend time on manual calculations and uncertain reporting, a specialized tool can simplify the process.
Reportability is developed for residential landlords and helps manage the entire tax calculation.
The tool helps you to:
- calculate tax based on your actual figures,
- ensure correct deductions,
- keep track of the relevant tax regulations,
- make reporting simpler and more manageable.
