Tax Questions

Topics	Statistics	Last Post
Tax Return Queries by Tamora Started by Tamora, 03-06-2015, 17:40 PM	8 responses 896 views 0 likes	Last Post by King_Maker 11-06-2015, 06:59 AM
Capital Gains Tax on property split with Expat by MickyV Started by MickyV, 08-06-2015, 10:38 AM	1 response 502 views 0 likes	Last Post by Gordon999 09-06-2015, 04:26 AM
Tenancy deposit scheme fee - which box in sa105 by Michelle48 Started by Michelle48, 04-06-2015, 08:52 AM	3 responses 726 views 0 likes	Last Post by Gordon999 08-06-2015, 03:07 AM
Landlords Energy Saving Allowance - when you do the work yourself by Tamora Started by Tamora, 03-06-2015, 18:07 PM	1 response 477 views 0 likes	Last Post by Gordon999 05-06-2015, 14:26 PM
Deposit for repairs - income? by Laurasplog Started by Laurasplog, 04-06-2015, 18:37 PM	2 responses 535 views 0 likes	Last Post by Laurasplog 05-06-2015, 09:25 AM
is a non buy to let mortgage tax allowable? by Simonemil Started by Simonemil, 04-06-2015, 09:07 AM	4 responses 584 views 0 likes	Last Post by Simonemil 04-06-2015, 11:30 AM
HMRC Return by theguj Started by theguj, 02-06-2015, 07:49 AM	10 responses 1,173 views 0 likes	Last Post by jpkeates 03-06-2015, 08:36 AM
another deed of trust confusion by londonrulz Started by londonrulz, 29-05-2015, 22:46 PM	7 responses 738 views 0 likes	Last Post by londonrulz 02-06-2015, 21:16 PM
How much capital gains tax would I pay hypothetically? by globularity Started by globularity, 02-06-2015, 00:13 AM	5 responses 1,242 views 0 likes	Last Post by TaxationPete 02-06-2015, 12:15 PM
Unequal Allocation of Allowable Expenses by RSD7a Started by RSD7a, 31-05-2015, 10:10 AM	7 responses 825 views 0 likes	Last Post by jpkeates 02-06-2015, 08:50 AM

Seeking a professional tax expert please

Landlord2015

Fed-up of all the attacks on the BTL sector by the government and the ever-increasing red tape and hassles of managing tenants, so I'm looking to sell my portfolio of UK BTL properties and invest a fairly large sum into equities etc. from which to receive an annual 'retirement' income.

...
- Channel: Tax Questions
20-08-2018, 12:26 PM
Let Property Campaign and past experience

JazzApples

Hi,
The ex-wife and I had a couple of rental properties which we've rented out for the past 2.5 years. The initial intention was to use the properties as an investment for the future, but we divorced after a year and never put our tax affairs in order. After the divorce, I wanted to declare the...
- Channel: Tax Questions
17-08-2018, 16:19 PM
Reply to Let Property Campaign and past experience

Gordon999

I expect both you and ex-wife have to submit tax return for rental profit for 2016/2017 and 2017/2018 ( since you started letting 2.5 years ago and current year end profit cannot yet be computed ) .
So from the letting records of each property and for each year , you calculate the...
- Channel: Tax Questions
19-08-2018, 11:08 AM
Reply to Let Property Campaign and past experience

jpkeates

First of all, I'd give your wife a heads up that she's about to get "done" if she doesn't already know.
I'd guess she's received the same letter, but you never know.

I'd use an accountant. Find one that's done this kind of thing before.
They'll know what the standard...
- Channel: Tax Questions
18-08-2018, 08:24 AM
Becoming self employed to become your tenant's gardener?

Juliaabc

Hi everyone. Never posted before because had nothing to add, but I was wondering if I could get some suggestions or pointers before I start having to pay costs to set this up.

My query is this: I have a mortgaged property which has a consent to let agreed upon it. The property...
- Channel: Tax Questions
14-08-2018, 16:03 PM
Reply to Becoming self employed to become your tenant's gardener?

jpkeates

Some landlords pay tax via PAYE with HMRC approval.

Most landlords aren't "self employed", even if they complete a self assessment annually....
- Channel: Tax Questions
18-08-2018, 08:16 AM
Reply to Let Property Campaign and past experience

g373

Hi again

I overlooked the fact that your profit was £20k per year so the tax and fine may be bigger. Was there a mortgage on these properties?

however, there may still be time register for self assessment for the 2017/18 tax year meaning there would be no fine for that year....
- Channel: Tax Questions
18-08-2018, 05:57 AM
Reply to Let Property Campaign and past experience

JazzApples

g373,
Thanks for the information. I'm a basic rate tax payer and there were a few months of the property being empty, so will see on the fine.

Did you process the tax documents and submit yourself or use an accountant? From what I've see so far, it's mostly a matter of diligent record...
- Channel: Tax Questions
17-08-2018, 21:09 PM
Reply to Let Property Campaign and past experience

theartfullodger

Oh right, "Child Benefit" isn't a benefit then......
- Channel: Tax Questions
17-08-2018, 20:39 PM
Reply to Let Property Campaign and past experience

AndrewDod

Artful -- in casual conversation when most folk talk about benefits they are not talking about your "old age" pension "earned" mostly via paying national insurance contributions and tax (albeit not related to the quantity of that tax). Nor are they talking about the NHS, child benefit,...
- Channel: Tax Questions
17-08-2018, 19:26 PM

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