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    Stop By Anytime

    We are open: Monday to Friday from 9am to 7pm and Saturday from 10am to 5pm

    18 - 20 East Street
    Bromley, BR1 1QU

    (020) 8313-9117
    contact@adivaaccountants.co.uk
    www.adivaaccountants.co.uk

    At Adiva Accountants all initial consultations are free of charge, so contact us today.
    For quality, competitive, and friendly accountancy services, please contact

    Adiva Accountants

    on 020 8313 9117 or via email at contact@adivaaccountants.co.uk.

    At Adiva Accountants we have the knowledge and the experience to provide you with the kind of accounting and tax services that you are looking for. At Adiva Accountants we look forward to discuss with you, without obligation, ways in which we may be able to help your personal or business needs.

    Alternatively, you can complete the contact form here and we will respond as soon as possible.

    Directors of Adiva Accountants have over 10 years’ experience of providing accountancy services. They have completed Bachelor and Masters degrees in Accountancy, Taxation and Business Management. Additionally, they have completed various accountancy qualifications such as ACCA, AAT, etc. So, they hold various accountancy degrees and qualifications up to chartered certified accountant.

    They can advise you on many other things, such as how to get the best price when you come to sell your business. Or on how to satisfy the banks conditions when you need help with finance. Or on how to keep creditors, insurers and suppliers happy, etc. Their expertise covers income tax, capital gains tax, corporation tax, VAT, payroll and many more.

    They can help with dealing with Inland Revenue investigations also.

    Parking

    There are parking bays right in front of the office, please be careful not to park in loading bays. Parking costs £1.90 per hour (maximum stay 2 hours). Alternatively, you can park in Sainsbury’s car park, which is just 1 minute walk away from the office. Parking there is completely free for 30 minutes and would be free for up to 2 hours provided you spend £10 in Sainsbury’s. Our office is at 18-20 East Street, Bromley BR1 1QU, which is opposite of O’Neill’s pub and TruGym.

    Alternatively, there is a big car park (1,500 spaces) in the INTU Bromley Shopping Centre (formerly The Glades). Parking costs £1.10 per hour for every day of the week. The shopping centre car park address is: The Glades, High Street, Bromley, BR1 3EF.

    By car

    If you drive to our office in Bromley, please enter this address in your Satnav 18-20 East Street, Bromley, BR1 1QU. From Orpington, you can take A232, then A21. From Beckenham, you can take A222. From Eltham, you can take A208, B226, A2212, then A21. From Lewisham and Catford, you can take A21. From Croydon, you can take A232, A233, then A21. From Kent, you can take A21. From North and East London, you can take the Blackwell tunnel southbound, A2, A2213, A20, South Circular Road, A2212, then A21. From West London, you can take South Circular Road to Catford, then A21.

    Public transport

    We are situated in Bromley East Street, which is served by Bromley South and Bromley North train stations, they are about 5-10 minute’s walk away. There are direct trains from London Victoria, London Bridge and London Blackfriars to Bromley South station. Bromley South is connected by direct trains to major towns around London and in Kent such as St Albans, Orpington, Sevenoaks, Ashford, Gillingham, and Ramsgate.

    The main bus routes serving Bromley High street are 61, 119, 138, 146, 208, 227, 246, 261, 269, 320, 336, 352, 354, 358, and 367.

    Chartered Certified Accountants       Call us: 020 8313 9117 contact@adivaaccountants.co.uk
    We're currently closed.We're open again on Friday (19th April 2024) from 9:00 am to 7:00 pm
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    Property income tax, Property tax, Rental income in Bromley, London, Kent and nationwide

    Property income in Bromley

    5.0 (2 reviews)

    £200.00

    We offer a professional and competitive rental accounts and property income tax service for landlords. Whether you own just a property as a retirement investment, or you own several properties, we will prepare your rental accounts and tax return in a timely and efficient way.

    Usually you will be required to provide the:

    • records of your rental income and expenses
    • bank transactions
    • mortgage certificates
    • service charges statements
    • service agent statements or other relevant documents
    Category: Tag:

    Description

    We offer a professional and competitive rental accounts and property income tax service for landlords in Bromley, London, Kent and nationwide. We will charge a little more, if we need to carry out your bookkeeping, to prepare your accounts or if you have other sources of income. For each additional property, we will usually charge £50 extra. Capital gains computations are charged very competitively too. Tax planning is included in the property income tax service at no extra cost. We will help you claim all the available tax reliefs and to pay the minimum amount of tax required by law. We can advise you in all areas of taxation, such as Income tax, Property income tax, Inheritance tax, Capital Gains, Business tax and many more.

    Factors you need to consider
    Do

    • think of your investment as medium to long-term
    • do your sums properly
    • research the market
    • consider decorating to a high standard to attract tenants quickly

    Don’t

    • purchase anything with serious maintenance problems
    • think that friends and relatives can look after the letting for you. You’re probably better off with a full management service
    • save with tenancy agreements and other legal documentation

    Important changes to property income
    In the near future, the amount of income tax relief landlords can get on residential property finance costs will be restricted to the basic rate of income tax. These finance costs include mortgage interest, interest on loans to buy furnishings, and finance fees incurred when taking out or repaying mortgages or loans.
    With the new rules, landlords will not be allowed to deduct their full financial costs from their property income. Instead they will receive a basic rate tax reduction from their income tax liability for their finance costs. The new rules of the property income will be introduced gradually over four years from April 2017.
    From April 2016, the wear and tear allowance which was available to landlords of fully furnished properties has been abolished.
    From April 2016, all landlords of residential dwelling houses are allowed to deduct the costs they actually incur on replacing furnishings, appliances and kitchenware in the property. This new relief is allowed to furnished and unfurnished properties.

    Contact us

    If you live in Bromley, Kent, London and nationwide, we would be happy to discuss with you, buy to let or other investments. Please contact Adiva Bromley Accountants on 020 8313 9117, or email at contact@adivaaccountants.co.uk and we will be happy to help.

    2 reviews for Property income in Bromley

    1. Danny, Bexley –

      Many thanks for your assistance throughout the rental property income investigation. It surely goes to show that you really need to know what you’re doing regarding the Tax. But thanks to your help and advice, I am not paying thousands of pounds unnecessarily.

    2. Will, Plumstead –

      I am delighted that I have been using your services over the last five years. It is so simple, I just keep an Excel spreadsheet with outgoings and property income, and I keep all my receipts in a folder for each month and you do all the rest very efficiently.

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