Landlord & Property Tax · South London
Landlord accountants in Carshalton Beeches
Landlord accounts and tax returns for property owners in Carshalton Beeches: £149 for one property, £199 for two to four, £299 for a portfolio of five or more, each including the Self Assessment filing. Fixed fees, published on this page, and the same in Carshalton Beeches as in any other part of England.
from £149 · fixed, per year
Next deadlines
- UK residential property disposals: CGT return and payment within 60 days of completion
- UK residential property disposals: CGT return and payment within 60 days of completion
- Online Self Assessment filing deadline and balancing payment due
- UK residential property disposals: CGT return and payment within 60 days of completion
Who this is for
Landlord & Property Tax for Carshalton Beeches
Residential and commercial landlords in Carshalton Beeches: accidental landlords renting a former home, buy-to-let investors with one to several mortgaged properties, portfolio landlords, joint owners and couples, owners of furnished holiday lets and serviced accommodation, overseas landlords with UK rentals, and anyone who has let a property for years without declaring it and wants to put it right.
What is included
Everything inside the fixed fee
- Rental income and expenses for each property reconciled to agent statements and bank records
- Allowable expenses claimed in full: repairs, insurance, agent fees, ground rent, service charges, replacement of domestic items
- Mortgage interest handled correctly as a 20% tax credit, not a deduction, with the restriction carried forward where it cannot be used
- Joint ownership splits, Form 17 elections and the property allowance applied where they help
- Furnished holiday lets, serviced accommodation and rent-a-room treated under the rules now in force
- UK property pages of the Self Assessment completed and filed, with Making Tax Digital readiness assessed
How it works
Landlord & Property Tax from Carshalton Beeches, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
What you get in Carshalton Beeches
No hourly rate and no surprise invoice. Carshalton Beeches clients know the fee for landlord & property tax before they send a single document, and it stays fixed.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Carshalton Beeches get reminders at 60, 30 and 7 days before each date that applies to landlord & property tax.
Online only, UK based. There is no office in Carshalton Beeches to pay for, which is why the fee is the same here as anywhere in England; the work is done by people in the UK who answer the same day.
Continuity matters in landlord & property tax: the person who prepared last year's work for your Carshalton Beeches business prepares this year's, and remembers what was agreed.
We explain landlord & property tax in the words Carshalton Beeches business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Carshalton Beeches until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Carshalton Beeches
Carshalton Beeches is in South London, within Sutton, in the SM5 postcode district, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Sutton, South London | 0.2 mi | W |
| Carshalton Central | 0.5 mi | N |
| Carshalton Village | 0.6 mi | N |
| Carshalton on the Hill | 0.6 mi | SE |
| Carshalton | 0.7 mi | NE |
| Sutton South | 0.8 mi | W |
| Wallington, Sutton | 0.9 mi | E |
| Wallington South | 0.9 mi | E |
Worth knowing
Rules that come up in this work
Switching accountants
Changing accountant is simpler than most people fear. You authorise the new firm, which writes to the old one for professional clearance and your records; the outgoing accountant must hand over your own documents and usually does within two weeks. The new firm registers as your agent with HMRC and picks up the next filing. There is no need to wait for a year end.
Closing a company
Voluntary strike-off is available only to solvent companies. One that owes money it cannot pay needs a creditors' voluntary liquidation through a licensed insolvency practitioner, and directors who dissolve an insolvent company face personal consequences. For a solvent company the process takes three to four months from filing the DS01, with notice to creditors and shareholders within seven days.
Record keeping
HMRC requires records of all income and expenses, bank statements, invoices and receipts to be kept for at least five years after the 31 January filing deadline of the tax year they relate to, and companies must keep records for six years from the end of the accounting period. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software.
Allowable expenses
The expenses sole traders most often miss are home working costs, claimed by actual proportion or HMRC's flat rate, the business share of phone and internet, mileage at 45p for the first 10,000 business miles, and training that maintains existing skills. The ones most often claimed wrongly are commuting, entertaining customers and clothes that could be worn outside work.
Crypto records and reporting
Crypto tax splits into capital gains on disposals and income on rewards, with different rates and different reporting. The £3,000 annual exempt amount and the 18% and 24% rates apply to gains; staking, mining and airdrop income is taxed at marginal income tax rates. HMRC's nudge letters to holders have increased sharply, and a voluntary disclosure before one arrives is treated far more leniently.
The 60-day property CGT return
Selling UK residential property that was not your main home for the whole period of ownership triggers a separate Capital Gains Tax return, due within 60 days of completion along with payment of the tax. This is in addition to the annual Self Assessment. The gain is taxed at 18% or 24% depending on your income band, after the £3,000 annual exempt amount.
Dormant companies
Companies formed to protect a name or hold a future business are dormant but not exempt: Companies House still expects dormant accounts within nine months of the year end and a confirmation statement annually with its £50 fee, and HMRC must be told the company is dormant or it will demand Corporation Tax returns. The filings are short, but the penalties for missing them are the same as for a trading company.
Questions
Landlord & Property Tax questions from Carshalton Beeches
I rent out a room in my own home. Is that taxable?
Rent-a-room relief exempts the first £7,500 a year of income from letting furnished accommodation in your main home, or £3,750 each if the income is shared. Above that you can pay tax on the excess over £7,500 or on actual profit. Lodgers, Airbnb rooms and short-term lets of a room all qualify.
I have been letting for years and never declared it. What now?
HMRC's Let Property Campaign allows landlords to disclose undeclared rental income with lower penalties than if HMRC finds it, which with data from letting agents, deposit schemes and councils it increasingly does. We quantify the undeclared years, prepare the disclosure and negotiate the settlement. Acting first is always cheaper.
What is included in the £149 one-property fee?
The rental income and expenditure account for the property, a review of every expense category, the finance-cost credit calculation, the UK property pages and the rest of your Self Assessment return completed and filed with HMRC. Rental income alongside employment or a pension is the most common case and this fee covers it.
How is mortgage interest treated now?
Since April 2020 individual landlords cannot deduct mortgage interest or other finance costs from rental profit. Instead you receive a tax reduction of 20% of the finance costs. For higher-rate taxpayers this means more tax than under the old rules, and the restriction can push rental profit into a higher band. We calculate it and carry forward any unused credit.
What expenses can I claim?
Letting agent fees, repairs and maintenance, buildings and contents insurance, ground rent and service charges, council tax and utilities you pay, accountancy, legal fees for lets of a year or less, replacing furniture and appliances, mileage to the property, and advertising. Improvements, your own labour and the capital part of mortgage payments are not allowable.
Is replacing a kitchen a repair or an improvement?
Replacing like with like, or with the modern equivalent, is a repair and deductible, even if the new kitchen is better quality because standards have risen. Adding something that was not there before, such as extending the kitchen or adding a dishwasher space, is an improvement and goes against the capital gain instead. We split mixed invoices.
Which deadlines matter most for landlord & property tax?
The next four dates that apply to landlord & property tax are shown at the top of this page, calculated from today. For Carshalton Beeches clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
How do I get started from Carshalton Beeches?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for landlord & property tax. Once you confirm, we tell you exactly which records to send and the work begins. Most Carshalton Beeches clients are set up within a day.
Ready to fix your fee in Carshalton Beeches?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.