SA 700 tax return

  • Filter
  • Time
  • Show
Clear All
new posts

    SA 700 tax return

    At the end of February 2019 I did a Share for Share exchange agreement on an offshore company which owns a property to bring the company into the UK jurisdiction. Can anyone tell me do I still do a paper SA700 tax return for the 10 months April 2018 to February 2019 while the company was still in the offshore domain?

    Not sure what you mean by "share for share exchange" ? , Are you exchanging shares in the non-resident company for shares in another company ?

    The SA700 tax form is filed by a non-resident company receiving rental income from a property in UK.

    The non-resident company was owner of the property up to Feb 2019, so the company should complete a SA700 tax return form and submit before 31 Oct 2019 , and state the property was disposed by the company on xx Feb 2019 . ( if I understand your situation correctly ) .


    Latest Activity


    • Reply to Changes to Landlords tax relief and landlords tax credit
      by jpkeates
      When you complete your tax return, you no longer deduct the interest (and any other finance related costs, e.g. a setup fee) you have paid as an allowable expense.
      You calculate the tax you would pay without that deduction (i.e. income less other expenses at the appropriate rate(s))
      04-07-2020, 12:40 PM
    • Changes to Landlords tax relief and landlords tax credit
      by cadence248
      Good afternoon all,

      I've been getting to grips with the changes to landlord's tax relief over the last few years. One thing that worries me considerably is that since all rental income is now taxed, and I must pay my loan interest and repayments out of this also, that really doesn't leave...
      02-07-2020, 15:11 PM
    • Reply to Changes to Landlords tax relief and landlords tax credit
      by Kape65
      The 20% credit is automatically applied, you would have been getting it for the last 3 years!
      04-07-2020, 10:19 AM
    • Reply to Changes to Landlords tax relief and landlords tax credit
      by jpkeates
      The only people negatively affected by the change in how the interest can be claimed are higher rate tax payers and standard rate tax payers who were close to the higher rate threshold.

      For most landlords, the change is simply in how the tax is calculated, the outcome is the same.
      04-07-2020, 08:58 AM
    • Can we claim back the VAT?
      by 529 Charlie
      We are 3 Leaseholders each with a share of the freehold of our shared building. Purchase of our flats meant we also became Directors of a dormant Management Company. We need urgent maintenance/Major Works doing and wondered how and if we can claim back the VAT charged by the builder(s).

      03-07-2020, 18:13 PM
    • Reply to Can we claim back the VAT?
      by Gordon999
      Your lease should require the leaseholders to pay annual service charge contribution to the management company.

      To keep the non-profit making Management Company dormant which is easier for filing annual returns to Companies House, the service charge money collected from the leaseholders...
      04-07-2020, 08:18 AM
    • Tax Return
      by Brian862107
      Does anyone know of any good online tutorials/guides for filling out your self-assessment tax return? I don't know about you's but I hate filling out forms (they always ask you to tick a box to say the information you've put in is correct too!!)!

      This is my first year filling out the self-assessment...
      01-07-2020, 15:51 PM
    • Reply to Tax Return
      by Gordon999
      Revised figures for your situation ( for 12 months rent.)

      Annual rental income = £6000

      Buildings insurance = £0.

      Maintenance & Repairs = £100

      Letting agent = 12 x £60 = £720

      Total Expenses = £820

      Profit = £6000-...
      04-07-2020, 07:50 AM
    • CGT after selling my main residence
      by Echoes
      Hi there
      First of all thanks in advance for your reply. I would really appreciate if you can calify some of my confusion.

      I have few queries regarding selling my main residence which would impact on how much CGT I would pay...

      1. I am buying a new house to live so...
      02-07-2020, 14:14 PM
    • Reply to CGT after selling my main residence
      by doobrey
      I had thought it was something like that as well, until I looked it up.
      04-07-2020, 07:36 AM