Richmond tax returns for professionals, investors and landlords

Who needs a tax return in Richmond?

The short answer: high earners, investors, landlords, company directors and the self-employed usually need to file a Self Assessment return.

As a Richmond tax return accountant we prepare returns for senior professionals with income over £100,000, investors with portfolios outside ISAs, landlords letting flats in Twickenham and Teddington, and consultants and creatives working from home in Kew and Barnes.

Many Richmond returns benefit from planning, such as pension contributions and Gift Aid, to manage the £100,000 tax trap.

Common reasons HMRC needs a tax return

• You are self-employed or a partner in a business
• You earn rental income over £1,000
• You receive dividends above £500
• You made capital gains above £3,000
• You have foreign income
• You or your partner earn over £60,000 and get Child Benefit
• HMRC sent you a notice to file

Self-employed tax returns in Richmond

Consultants and creatives working from home can claim a share of household costs, equipment and travel. We also review whether a limited company would be more efficient as profits grow. See self-employed accountants and add bookkeeping if you would like records kept for you.

Landlord tax returns in Richmond

Higher-rate landlords are most affected by the restriction on mortgage interest relief. We prepare accurate returns and model options such as changing ownership shares or incorporation. Mortgage interest relief is a 20% tax credit, rising to 22% from April 2027 when property income gets its own 22%, 42% and 47% rates. More on landlord tax returns; for missed rent, the Let Property Campaign.

The £100,000 tax trap

Between £100,000 and £125,140 of adjusted net income, the personal allowance is withdrawn, creating an effective 60% tax rate. Personal pension contributions and Gift Aid reduce adjusted net income and can restore the allowance. We model the numbers each year. See high earner tax returns.

Partnership tax returns

Partnerships, from family shops to professional practices, file a partnership return (SA800) plus each partner’s own return. We prepare both so the profit shares match. See partnership tax returns.

Capital Gains Tax reporting

Gains above the £3,000 annual exempt amount are taxed at 18% or 24%. A UK home you sell that is not your main residence must be reported, with tax paid, within 60 days of completion. Our Capital Gains Tax team handles both returns.

Foreign income reporting

UK residents are usually taxed on worldwide income, with foreign tax credit relief for tax paid abroad. Missed foreign income can be put right through the Worldwide Disclosure Facility.

Crypto tax reporting

Selling, swapping or spending crypto can create a gain, and staking is usually income. We apply HMRC’s pooling rules; see crypto tax returns.

What to send us for your Richmond tax return

Most clients only need a few documents. We send a tailored checklist after your first call.

• P60 or payslips from any employment
• Bank statements or invoices for self-employed income
• Receipts for business costs, or a simple spreadsheet
• Rent statements from your letting agent
• Mortgage interest statements for rental properties
• Dividend vouchers and investment statements
• Details of any overseas income and tax paid abroad

Penalties for late filing

What if I miss the deadline? For returns up to 2025/26: £100 immediately, £10 a day after three months (up to £900), then 5% or £300 at six and twelve months. A points-based system applies to everyone from April 2027.

Why Richmond clients choose Wingate

• Chartered Certified Accountants and HMRC registered tax agent
• Fixed fees from £150, VAT included
• Experience with landlords, the self-employed, partnerships, investors and overseas income disclosures
• Fast replies by phone, email or WhatsApp
• Also VAT returns, company accounts, payroll, HMRC disclosures and tax investigation support

Looking elsewhere in the capital? See Self Assessment tax returns in London.

Official guidance: Check if you need to send a Self Assessment tax return · Self Assessment deadlines