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Started by BTL_Bertie, 15-06-2016, 13:12 PM
12 responses
2,200 views
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Last Post jjlandlord  
Started by Glaswegian, 17-06-2016, 21:40 PM
2 responses
588 views
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Last Post Glaswegian  
Started by Thyrsis, 12-05-2016, 16:07 PM
5 responses
505 views
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Last Post Claymore  
Started by MACCA3, 17-06-2016, 09:40 AM
2 responses
582 views
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Last Post jpkeates  
Started by MAPTON, 14-06-2016, 18:20 PM
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410 views
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Last Post jpkeates  
Started by Laurasplog, 14-06-2016, 18:10 PM
1 response
222 views
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Last Post jpkeates  
Started by bhodgkiss, 09-06-2016, 17:51 PM
16 responses
1,077 views
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Last Post jpkeates  
Started by mylifestory, 07-06-2016, 21:19 PM
10 responses
741 views
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Last Post jpkeates  
Started by helpmebeforeigomad, 12-06-2016, 13:30 PM
4 responses
503 views
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Last Post jpkeates  
Started by mikeF00, 09-06-2016, 11:26 AM
2 responses
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Last Post Gordon999  
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Latest Topics

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  • 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...
    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?)...
    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
    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...
    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...
    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!
    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.
    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).

    ...
    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...
    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...
    01-07-2020, 15:51 PM
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