Did I make a mistake on my 2017/18 Tax Return

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Did I make a mistake on my 2017/18 Tax Return

    After I submitted my 2018-19 tax return I had a quick look at the 2017/18 return and I thought I might have made a mistake but I am not sure.

    In 2017/18 I rented out my own property through "Rent a Room" for £1308.68
    I rented out a second property for £28500

    When I look at the total income from property I put £28500 and not the £1308.68, as show non the screenshot. I also ticked Box 4 "If you are claiming Rent a Room relief and your rents are £7500 or less (£3750) if let jointly.

    I then left question 37 - rent a room exempt amount empty. The total profit on which tax has been calculated is the total rent - expenses. There doesn't seem to be anything taken off for rent a room.

    I think I've done something wrong because I didn't add the rent a room amount but it also looks like the rent a room allowance hasn't been taken off. I am really confused and don't if I owe money or if they owe me.

    #2
    You cannot claim rent a room tax relief on a whole property.

    Comment


      #3
      It's not clear what you did. What does 'I rented out my own property through "Rent a Room" for £1308.68' mean? What did you let, for how much and for how long?
      There is a fine line between irony and stupidity. If I say something absurd please assume that I am being facetious.

      Comment

      Latest Activity

      Collapse

      Working...
      X