Landlord Accountant in Dulwich, Rental Tax Specialists

Allowable expenses include letting agent fees, repairs and maintenance (not improvements), buildings and contents insurance, ground rent and service charges, accountancy fees, mortgage arrangement fees spread over the loan term, professional cleaning and gardening, council tax during void periods, advertising for tenants and reasonable travel costs to manage or inspect the property. You cannot claim the mortgage capital repayment, your own time or improvements. We review your expenses thoroughly every year to ensure every legitimate deduction is claimed.

Section 24 replaced full mortgage interest deductibility with a 20 per cent basic rate tax credit. For a Dulwich higher rate taxpayer with significant mortgage debt, this means paying 40 per cent tax on rental income that includes the mortgage interest cost, then receiving only 20 per cent back. The effective additional annual tax per £10,000 of mortgage interest for a higher rate taxpayer is £2,000. We calculate your exact position across your full portfolio and model all available strategies to mitigate this.

MTD for Income Tax has applied from April 2026 for landlords with income over £50,000, and from April 2027 for those over £30,000. Many Dulwich landlords are caught by these thresholds. We handle the complete MTD setup, recommending and setting up the right cloud accounting software, connecting your bank feed, filing quarterly digital updates and preparing the annual declaration, all as part of your fixed monthly service. No technical knowledge required.

For Dulwich higher rate taxpayers with multiple mortgaged properties, incorporation can offer significant long-term tax savings. Mortgage interest remains fully deductible in a company, profits are taxed at Corporation Tax rates and retained profits can be reinvested before personal tax is triggered. However, stamp duty and CGT on transfer can be substantial. We model the transfer costs against the projected long-term savings for your specific Dulwich portfolio and give you a clear numbers-based recommendation.

Yes. Dulwich SE21 property values have appreciated very significantly over the past decade, meaning many landlords are sitting on very large latent capital gains. CGT on residential property is charged at 18 per cent or 24 per cent depending on your tax band, and you must report and pay within 60 days of completion. Advance planning, including timing of disposal, use of annual exemptions, spousal transfer and principal private residence relief for former homes, can make a very significant difference to your net proceeds. We work with you well before any planned sale.

Yes. Local authority selective licensing and HMO licence fees are fully allowable rental expenses, deductible against rental income in the year they are paid (or spread across the licence term where the licence covers multiple years). Southwark Council selective licensing fees can be substantial, particularly for larger properties or those in designated wards. Compliance costs (fire risk assessments, electrical certifications, gas safety certificates, HMO-specific fire safety equipment) are also fully deductible. We capture all of them properly every year.

Usually 7-10 working days from signature of our engagement letter. Professional clearance, HMRC agent authorisation, records transfer, software migration. No break in your filing, no double charging.

Book a free 15-minute call via our Calendly link or call us on 07478 645331 (or our office line on 020 8050 4564). We work with Dulwich landlord clients fully online and we know SE21 well. We review your current landlord tax position, identify where you may be overpaying and give you a clear fixed-fee quote. Most landlords are fully set up within a week.