A leading mortgage firm has urged private landlords to manage their finances sufficiently ahead of the deadline for self assessment tax returns on January 31st.

John Heron, managing director at Paragon Mortgages, said property tax can have a significant impact on a landlords' rental business.

Landlord advice offered by Mr Heron included planning property tax efficiently, so they are not surprised by financial demands later down the line.

He also urged landlords to research tax relief options that they might be able to apply for.

"How you implement, manage and run your tax affairs could have a major impact on your property investments and their financial profitability,"Mr Heron said.

Mr Heron's comments come after a report earlier this month that HM Revenue &Customs (HMRC) is planning a crackdown on taxation in the buy-to-let sector from this year.ADNFCR-2002-ID-18997148-ADNFCR

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