Camden tax returns, done properly

Who needs to file a Self Assessment return in Camden?

Put simply: you need a return if HMRC cannot collect all your tax through PAYE, for example self-employment profits, rental income, dividends, capital gains or foreign income.

Camden is unusually varied. As a Camden accountant we work with market traders and musicians, landlords in Kentish Town and Belsize Park, Hampstead families with investment portfolios, and King’s Cross employees with share schemes and bonuses.

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 Camden

Performers and traders often have cash takings, card payments and online sales mixed together. We reconcile your income, claim instruments, equipment, stall fees and travel, and make sure nothing taxable is missed. See self-employed accountants and add bookkeeping if you would like records kept for you.

Landlord tax returns in Camden

Camden landlords range from a single flat in Kentish Town to substantial houses in Hampstead. We prepare accurate rental schedules, apply mortgage interest relief correctly and advise on joint ownership. 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.

Investment income and gains in Camden

Many Camden residents hold investment portfolios outside ISAs. Dividends over £500 and gains over £3,000 need reporting, and dividend tax rose to 10.75% and 35.75% from April 2026. We report them accurately and suggest legitimate ways to reduce future tax.

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 Camden 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 Camden 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