Tax Questions

Topics	Statistics	Last Post
Stamp Duty query by HP mum Started by HP mum, 20-02-2018, 10:36 AM	4 responses 61 views 0 likes	Last Post by HP mum 20-02-2018, 19:51 PM
Complex (for me!) CGT question on 2 property ownership... by Raymondus Started by Raymondus, 19-02-2018, 12:42 PM	7 responses 96 views 0 likes	Last Post by jpkeates 20-02-2018, 16:15 PM
Has anyone read anything about the Labour Party's commitment to Land Tax? by Worried of Bermondsey Started by Worried of Bermondsey, 11-02-2018, 15:08 PM	16 responses 194 views 0 likes	Last Post by elbowe 20-02-2018, 10:11 AM
Should I Pay down btl mortgages now tax relief limited? by Evaland19 Started by Evaland19, 19-02-2018, 18:53 PM	3 responses 120 views 0 likes	Last Post by elbowe 20-02-2018, 10:08 AM
Property with student daughter and lodgers question by stunnie Started by stunnie, 17-02-2018, 16:29 PM	6 responses 78 views 0 likes	Last Post by stunnie 17-02-2018, 22:56 PM
Can you offset residential home remortgage interest used to fund BTL by The Good Daughter Started by The Good Daughter, 16-02-2018, 13:14 PM	1 response 90 views 0 likes	Last Post by Gordon999 17-02-2018, 06:05 AM
Stamp Duty Exemption - Property Transfer to Company from Partnership by jaymondo Started by jaymondo, 27-11-2017, 19:00 PM	22 responses 2,094 views 0 likes	Last Post by Gordon999 14-02-2018, 19:47 PM
LTD and SPV dilemma by petrohead Started by petrohead, 11-02-2018, 11:00 AM	4 responses 90 views 0 likes	Last Post by Gordon999 13-02-2018, 23:13 PM
If I move back into my BTL can I PPR for the last 30 years?? by hughjarse Started by hughjarse, 13-02-2018, 11:32 AM	2 responses 92 views 0 likes	Last Post by AndrewDod 13-02-2018, 13:58 PM
Setting up own maintenance co to work on own portfolio by BUSYKEV Started by BUSYKEV, 12-02-2018, 10:17 AM	2 responses 90 views 0 likes	Last Post by Gordon999 12-02-2018, 13:54 PM

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

Latest Topics