Tax Questions

		Statistics	Last Post
Are re-mortgage fees Allowable Expenses ? by BTL_Bertie Started by BTL_Bertie, 15-06-2016, 13:12 PM	12 responses 2,200 views 0 likes	Last Post by jjlandlord 19-06-2016, 16:22 PM
2015/16 boiler replacement - which section of tax form? Wear & tear? by Glaswegian Started by Glaswegian, 17-06-2016, 21:40 PM	2 responses 588 views 0 likes	Last Post by Glaswegian 18-06-2016, 06:40 AM
Liability for CGT by Thyrsis Started by Thyrsis, 12-05-2016, 16:07 PM	5 responses 505 views 0 likes	Last Post by Claymore 17-06-2016, 23:21 PM
Pro rata when claiming expenses? by MACCA3 Started by MACCA3, 17-06-2016, 09:40 AM	2 responses 582 views 0 likes	Last Post by jpkeates 17-06-2016, 11:43 AM
New Tax Regime - Mortgage Relief by MAPTON Started by MAPTON, 14-06-2016, 18:20 PM	7 responses 410 views 0 likes	Last Post by jpkeates 15-06-2016, 10:15 AM
Furniture instead of wear and tear allowance by Laurasplog Started by Laurasplog, 14-06-2016, 18:10 PM	1 response 222 views 0 likes	Last Post by jpkeates 14-06-2016, 18:53 PM
Signing half a BTL to my partner (who doesnt work) for tax benefitd by bhodgkiss Started by bhodgkiss, 09-06-2016, 17:51 PM	16 responses 1,077 views 0 likes	Last Post by jpkeates 14-06-2016, 18:51 PM
decorating by mylifestory Started by mylifestory, 07-06-2016, 21:19 PM	10 responses 741 views 0 likes	Last Post by jpkeates 13-06-2016, 11:11 AM
first time tax questions by helpmebeforeigomad Started by helpmebeforeigomad, 12-06-2016, 13:30 PM	4 responses 503 views 0 likes	Last Post by jpkeates 13-06-2016, 11:10 AM
tax rules by mikeF00 Started by mikeF00, 09-06-2016, 11:26 AM	2 responses 380 views 0 likes	Last Post by Gordon999 12-06-2016, 15:00 PM

Stamp duty / Tennents in common

by Jk2020

Hi,

I'm a first time buyer currently living with parents and looking for a buy to let, for example house worth 150K (in cash)

I understand i dont need to pay stamp duty (first time buyer)

I would then like to be tennants in common with my dad, and split it (Dad...
- Channel: Tax Questions
07-07-2020, 09:42 AM
Moving overseas - forms to submit to HMRC

by JamesHopeful

I'm about to move overseas for a couple of years.

I know that I need to submit an NRL1 to allow my letting agent to continue to pay my rent to me gross. However, do I need to submit any other forms at this stage? (e.g. a form informing HMRC that I'm going overseas in the first place?)...
- Channel: Tax Questions
05-07-2020, 15:43 PM
Reply to Moving overseas - forms to submit to HMRC

by Gordon999

I would submit your tax return for 2019-2020
- Channel: Tax Questions
05-07-2020, 19:54 PM
Changes to Landlords tax relief and landlords tax credit

by cadence248

Good afternoon all,

I've been getting to grips with the changes to landlord's tax relief over the last few years. One thing that worries me considerably is that since all rental income is now taxed, and I must pay my loan interest and repayments out of this also, that really doesn't leave...
- Channel: Tax Questions
02-07-2020, 15:11 PM
Reply to Changes to Landlords tax relief and landlords tax credit

by jpkeates

When you complete your tax return, you no longer deduct the interest (and any other finance related costs, e.g. a setup fee) you have paid as an allowable expense.
You calculate the tax you would pay without that deduction (i.e. income less other expenses at the appropriate rate(s))
Then...
- Channel: Tax Questions
04-07-2020, 12:40 PM
Reply to Changes to Landlords tax relief and landlords tax credit

by Kape65

The 20% credit is automatically applied, you would have been getting it for the last 3 years!
- Channel: Tax Questions
04-07-2020, 10:19 AM
Reply to Changes to Landlords tax relief and landlords tax credit

by jpkeates

The only people negatively affected by the change in how the interest can be claimed are higher rate tax payers and standard rate tax payers who were close to the higher rate threshold.

For most landlords, the change is simply in how the tax is calculated, the outcome is the same.
- Channel: Tax Questions
04-07-2020, 08:58 AM
Can we claim back the VAT?

by 529 Charlie

We are 3 Leaseholders each with a share of the freehold of our shared building. Purchase of our flats meant we also became Directors of a dormant Management Company. We need urgent maintenance/Major Works doing and wondered how and if we can claim back the VAT charged by the builder(s).

...
- Channel: Tax Questions
03-07-2020, 18:13 PM
Reply to Can we claim back the VAT?

by Gordon999

Your lease should require the leaseholders to pay annual service charge contribution to the management company.

To keep the non-profit making Management Company dormant which is easier for filing annual returns to Companies House, the service charge money collected from the leaseholders...
- Channel: Tax Questions
04-07-2020, 08:18 AM
Tax Return

by Brian862107

Does anyone know of any good online tutorials/guides for filling out your self-assessment tax return? I don't know about you's but I hate filling out forms (they always ask you to tick a box to say the information you've put in is correct too!!)!

This is my first year filling out the self-assessment...
- Channel: Tax Questions
01-07-2020, 15:51 PM

Latest Topics