Landlord & Property Tax · Central London
Landlord accountants in Lancaster Gate
Landlords in Lancaster Gate come to us for the rental accounts that get the detail right: the difference between a repair and an improvement, the replacement of domestic items relief, the correct split of jointly owned income, and the finance-cost restriction that catches higher-rate taxpayers. Fixed fees across Central London, nothing filed until you approve.
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 Lancaster Gate
Residential and commercial landlords in Lancaster Gate: 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 Lancaster Gate, 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 Lancaster Gate
One fixed fee for landlord & property tax in Lancaster Gate, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
Nothing for Lancaster Gate is left to the last week. Each deadline relevant to landlord & property tax is tracked from the day you join, with the next four shown on every page we send you.
No appointments, no travel across Central London, no parking. Everything for landlord & property tax in Lancaster Gate happens online, with a real person on the other end during UK working hours.
You get one contact for landlord & property tax, not a queue. Lancaster Gate clients message the same person throughout and get an answer in working hours, usually within a few hours.
We explain landlord & property tax in the words Lancaster Gate business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Lancaster Gate 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 Lancaster Gate
Lancaster Gate is in Central London, within Westminster, in the W2 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 |
|---|---|---|
| Bayswater | 0.1 mi | SW |
| Westbourne Green | 0.5 mi | NW |
| Paddington, Westminster | 0.5 mi | NE |
| Notting Hill Gate | 0.5 mi | SW |
| Little Venice | 0.6 mi | N |
| Pembridge | 0.6 mi | W |
| Campden | 0.6 mi | SW |
| Westbourne, Westminster | 0.7 mi | NW |
Worth knowing
Rules that come up in this work
Switching accountants
You can switch accountant at any point in the year. The new firm requests clearance and your records from the old one, which cannot withhold your own documents though it may hold its own working papers until its fees are settled. Agent authorisations with HMRC and Companies House are transferred, and the next deadline is picked up without a gap.
Closing a company
A solvent company that has finished its purpose can be dissolved by voluntary strike-off: form DS01 with a £13 Companies House fee, after three months without trading and with all debts paid, final accounts and tax return filed, and assets distributed. HMRC objects to any application where returns or tax are outstanding, so the sequence matters more than the form.
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
The 60-day property CGT return
The 60-day Capital Gains Tax return on residential property is the deadline landlords most often miss, because it falls outside the Self Assessment cycle and runs from completion, not exchange. Private residence relief for periods you lived in the property, plus the final nine months, reduces the gain. Penalties for a late return mirror Self Assessment, starting at £100.
Record keeping
Record keeping is a legal obligation with a penalty of up to £3,000 for failure, but its real value is in making every other filing cheaper and more defensible. Keep invoices, receipts, bank statements, mileage logs and any HMRC correspondence, digitally if you like, for five years after the relevant filing deadline for individuals and six years for companies and VAT.
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.
Employer National Insurance
Employers pay National Insurance at 15% on each employee's earnings above the £5,000 secondary threshold, following the April 2025 changes. The Employment Allowance offsets up to £10,500 of this for eligible employers, which for a small team often removes the liability entirely, but companies where the director is the only employee do not qualify.
Questions
Landlord & Property Tax questions from Lancaster Gate
Should I put my properties into a limited company?
Sometimes. A company deducts mortgage interest in full and pays Corporation Tax at 19% to 25%, but extracting profit costs dividend tax, mortgages are dearer and transferring existing properties triggers CGT and SDLT. It suits higher-rate taxpayers building a portfolio long term; it rarely suits one or two properties. Our tax planning review runs the numbers.
I live abroad and rent out a UK property. Do I still pay UK tax?
Yes. UK rental income is taxed in the UK regardless of your residence, with the personal allowance available to most non-residents. Letting agents or tenants must deduct 20% at source unless you are approved under the Non-Resident Landlord Scheme to receive rent gross. We handle the approval and the annual return.
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.
Do I have to use Making Tax Digital?
From April 2026 if your combined property and self-employment income was over £50,000 in 2024/25, from April 2027 if over £30,000, and planned for April 2028 at £20,000. It means digital records and quarterly updates to HMRC. We assess your start date as part of the return and set up the bookkeeping when it applies.
What is the property allowance?
The first £1,000 of gross rental income each year is tax free, and if your rental income is under £1,000 you need not report it. Above £1,000 you can either deduct the allowance instead of expenses or claim actual expenses, whichever is better. It cannot be used with rent-a-room relief on the same income.
Do you have an office in Lancaster Gate?
No. IGI Accounting is an online-only firm. We serve Lancaster Gate and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for landlord & property tax is the same in Lancaster Gate as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is landlord & property tax in Lancaster Gate really the same price as elsewhere?
Yes. The fee published on this page is what a client in Lancaster Gate pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
Ready to fix your fee in Lancaster Gate?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.