Quick Fire question on 2013/14 tax return dates....?

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    Quick Fire question on 2013/14 tax return dates....?

    This can be answer in one I would imagine but I just want to clarify.

    I bought a property last year in june 2014, renovated it and have had tennants in from October 2014 so this is the 4th month. I do not need to fill out a tax return until January 2016 do I for this?

    And then in January 2016, I will need to do a tax return for my rental earnings from Oct 2014 - April 2015, is that correct?

    #2
    Yup, that's correct.

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      #3
      Originally posted by BlueCross View Post
      I do not need to fill out a tax return until January 2016 do I for this?
      That is the last possible date to submit your tax return online. Get your tax return form after 06 April 2015, then you have got 8 months to sort it out and get it submitted.

      I usually take all my documentation/receipts etc. to my accountant in June/July. Then my tax return is submitted in August.

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        #4
        BlueCross,

        Yes.

        Don't forget to include any revenue expenditure between June 2014 and October 2014 as pre-rental expenses.

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