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At the end of the tax year, rental accounts are due for submission. Kimberly Shapcock, a qualified chartered accountant, property investor, and entrepreneur, explains the process of preparing rental accounts, which must be completed by the 31st of January following the end of the tax year. While full accounts may not be necessary, collecting and organizing data is essential. The video tutorial provides guidance on how to effectively compile rental accounts for tax purposes, ensuring all necessary information is included for accurate reporting or submission to an accountant.
