Property Income/Expense/Tax Tracking Template

  • Filter
  • Time
  • Show
Clear All
new posts

    Property Income/Expense/Tax Tracking Template


    I am looking for a simple excel based template which can be used for recording your rental income, all associated expenses, mortgage interest etc. If there are features for joint owners is that that will be great.

    Please let me know if anyone using an excel template.


Latest Activity


  • Stamp Duty on Freehold House subject to long leases; merge title?
    by carolem
    Am interested in buying freehold house which is divided into 2 flats, both let out on AST. G
    round floor flat is held under the terms of a Lease dated the 11 November 1987 granted for the term of 999 years from the 1st February 1987 and the first floor flat is held under the terms of a Lease dated the
    Should Nelson Mandela's statute remain?
    Should death penalty's reintroduction be subject to public referendum?
    02-07-2020, 10:02 AM
  • Tax Return - HELP!
    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 - HELP!
    by jpkeates
    I'd include the 12th month.

    While you're correct that the income fell into the 2018/19 tax year, you didn't declare it then, which is could trigger a fine and a penalty.
    It probably won't, but you need to be very careful with your tax - getting on the wrong side of HMRC is a lifetime...
    02-07-2020, 08:51 AM
  • Reply to Tax Return - HELP!
    by Brian862107
    I've had a look over my rental statements and remembered the reason I have 11 months this tax year and not 12 was that the 1st month rental statement was on the 5th April 2019 (like one day before the 6th April 2019 tax year). I just want to confirm that this is correct or do I need to include the 5th...
    02-07-2020, 07:50 AM
  • Reply to Tax Return - HELP!
    by Brian862107
    jpkeates Thanks for the informative and quick reply. I didn't mean i'd charge for labour when doing repairs (might not be a lot for paint/shower or whatever i would need to buy but adds up but understand i'd keep receipts and add on form later as expense.) but your post is quite clear and think I've...
    02-07-2020, 06:26 AM
  • Reply to Tax Return - HELP!
    by Jon66
    The electronic self assessment is fairly easy. If you're not doing this I would recommend you get it set up for next time. There are also explanatory notes as you go along. Just done mine, it must be the covid effect! Doesn't normally get done until after Christmas.
    01-07-2020, 23:00 PM
  • Reply to Tax Return - HELP!
    by Gordon999
    Are you preparing the paper tax return SA105 ? The figures declared in each box are for one year .

    So rental income = £5500.( box 20)

    Insurance and rates := ( box 24 )

    Prop Repairs = ( box 25 )

    Prof Fees ( letting agent ) = £660 ( box...
    01-07-2020, 21:38 PM
  • Reply to Tax Return - HELP!
    by jpkeates
    I get an accountant to complete my tax return.
    It costs, but it's an allowable expense and it's worth it just to know that I'm keeping the tax I pay to a minimum.

    You are taxed on your net income (which is rent less expenses - like the management fee and repairs), but you don't...
    01-07-2020, 16:54 PM
  • Reply to Returning from oversea landlord taxation
    by jpkeates
    When you began your new business you should have told HMRC.
    They would have confirmed how they wanted you to complete your tax return.

    If you get in touch now, they'll confirm what they want you to do.

    Tax returns are based on the tax year, which runs from 6th April to...
    01-07-2020, 16:13 PM
  • Returning from oversea landlord taxation
    by LAN45

    I have been living abroad and paied rental income taxes, according to legislation, to HMRC as oversea landlord.

    ue to recent developments I'm moving back to UK looking for a job and would like to understand how to handle paying taxes? I will have no further income for...
    22-06-2020, 12:15 PM