Get ahead of your tax returns with full visibility on your property tax statement throughout the year.
Hammock landlords cut their time spent on preparing their tax statements to only 30 minutes, thanks to real-time bookkeeping and automated reconciliation of income and expenses.
Keep an eye on your expected tax bill, so you won’t have any surprises at the end of the tax year.
Scan your receipts and attach them to the relevant expense. No more lost receipts and missed expenses.
Invite your accountant to access to your reports, receipts and documents, so they can submit your tax returns and ensure your books are error-free.
Moving towards digital record keeping will ensure you’re ready for Making Tax Digital legislation that comes into effect in 2026. Our landlord tax software has been approved by HMRC as compatible with Making Tax Digital.
All totals and subtotals are split for easy access.
Hammock is the accounting platform for UK landlords. From a single platform, landlords can manage all transactions related to their rental properties, access automated bookkeeping services and keep track of their property tax statement. Landlords can securely connect unlimited bank feeds (we are FCA registered no.
911254) to bring all their rental income and expenses in one place.
All rent payments, together with other incoming and outgoing transactions for all properties, are tracked in Hammock and reconciled in real-time.
Hammock’s automated bookkeeping matches incoming and outgoing payments with the relevant properties and tenants, all in real-time. This means that landlords will not have to browse through bank statements, finding and highlighting expected transactions and painstakingly chasing any late or missing ones. Hammock will reduce all the time spent on administrative tasks for property finances to a quick tap on the phone (we have mobile apps for both Apple and Android devices) and a scan of a landlord’s reconciled transactions.
All the payments reconciled then feed directly into the property tax statement, where they are mapped against the categories of the SA105 form (the document to fill for those who have income from property). The tax statement is updated in real-time, so landlords will have no surprise tax bills to deal with. Hammock also provides an estimate of the total amount of the tax bill and gives landlords an option to save over time, so funds dedicated to paying tax are stored away during the year, instead of being chased last minute.
The reconciled payments also feed the Hammock insights, that display in real-time all the key metrics to monitor for buy to let investments. Loan to value ratio, profit and loss statements, rental yields and more are available 24/7 and refreshed in real-time.
Landlords receive instant notifications about all payments, and also periodic summaries and statements to keep tabs on their cash flow. Hammock keeps a running total of the arrears balance per property and per tenant, making it easy to spot any missing payments immediately and to agree on repayment plans.
