Hi,
I having been renting out a property i have, to a mate, for below market rate. Last year for a couple of months, i received less rent than agreed due to unforeseen circumstances.
So I should have received £17400, but only received £15,400, so I am in deficit of £2k. As I only received £15,400, that is what I am declaring. Can the tax man come after me for the 2k, that was not paid to me (and i do not have), even though per year I should be declaring an income of £17400 (as per the tenancy agreement)
thanks
I having been renting out a property i have, to a mate, for below market rate. Last year for a couple of months, i received less rent than agreed due to unforeseen circumstances.
So I should have received £17400, but only received £15,400, so I am in deficit of £2k. As I only received £15,400, that is what I am declaring. Can the tax man come after me for the 2k, that was not paid to me (and i do not have), even though per year I should be declaring an income of £17400 (as per the tenancy agreement)
thanks
Comment