Taxation on my BTL

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    Taxation on my BTL


    I have a property which has been rented out since December 2007. It was managed by a letting agent until December 2008 - I now manage the property myself. The letting agent filled in some sort of tax exempt form for the whole year (Dec 07 - Dec 08) as i was living abroad. I've just realised I need to (i think, can you confirm?) fill out an SA and have researched it a little bit as time is running out. I know what is taxable and what isn't and because of me doing it so late i will need to complete it online, however i dont have Unique Tax Payer Reference Number (UTR), I have tried contacting the letting agent (as they are supposed to have it - is that the case?), is there any other way of obtaining it? I dont have any correspondance with HMRC to take it off. Just to confirm I will just be taxed on my income no other tax e.g. CGT as i dont think i have been letting my property out long enough. Thanks for your time.

    Also just out of interest why do i not have to pay tax when living abroad yet I do when i move back. I arrived back in Jan 09 by the way.


      Payment of tax on the rental income depends on any other UK income whilst you were away. If you had non then the retal profit was have fallen under your UK tax threshold and as someone had registered you as an 'non-resident landlord' then HMRC should have issued you with a SA form. I suspect HMRC have a UTR for you, contact them with your NI number and they can retrieve it for you. CGT is associated to the disposal of the property not renting it out. Regards Peter


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