Self assessment

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    Self assessment

    Hi, I have been renting out a property for nearly 12months and I have to complete a self assessment for my earnings. I was told on the phone my HMRC to register online and I’d get a login code UTR. I’ve tried to login and I now need to wait for an activation code. What do I need to complete? I work full time and have received my P60. Once I’m on the self assessment site do I just complete an SA105 or does it just ask for my extra earnings from my property. I’m a complete newbie at self assessments so any help would be much appreciated.

    #2
    When you complete the self assessment form you'll be asked for details of tax already deducted which you take from the P60.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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      #3
      Thanks so I only add my income and expenses from my property and Is it simple to complete?

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        #4
        You declare ALL income from ALL(**) sources and complete the SA online..

        ** All sources: Property, job, other work, boot sales, ebay, bank interest, share dividends, the lot. (No offense ,,,) but the the name of the tax is "income tax".
        I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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          #5
          Go online and search for the self assessment notes and paper form if you want to know what you’ll be doing when you get your log in details. That’ll give you a good idea.

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            #6
            Originally posted by theartfullodger View Post
            You declare ALL income from ALL(**) sources and complete the SA online..

            ** All sources: Property, job, other work, boot sales, ebay, bank interest, share dividends, the lot. (No offense ,,,) but the the name of the tax is "income tax".
            Not necessarily - if you just have a clear out at home and sell at a boot sale or on Ebay then you don't have to declare that.

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