Tax Questions

		Statistics	Last Post
remortgage fees and layer fees by halfax Started by halfax, 08-01-2015, 14:07 PM	6 responses 1,220 views 0 likes	Last Post by JamesHopeful 11-01-2015, 17:14 PM
Reclaining Costs on Properties that Fell Though by ssingh Started by ssingh, 28-12-2014, 07:40 AM	11 responses 1,473 views 0 likes	Last Post by King_Maker 11-01-2015, 12:28 PM
The odd five days at the end of the tax year by FirstimeLandlord Started by FirstimeLandlord, 06-01-2015, 21:43 PM	2 responses 702 views 0 likes	Last Post by FirstimeLandlord 08-01-2015, 20:39 PM
Offsetting tax against landlord's own house repair bills by bigknickers Started by bigknickers, 07-01-2015, 21:07 PM	3 responses 789 views 0 likes	Last Post by bigknickers 08-01-2015, 17:12 PM
Rent Income on Joint Ownership Property - Can one person be nominated all the Income? by JUtber Started by JUtber, 07-01-2015, 20:45 PM	2 responses 1,193 views 0 likes	Last Post by jpkeates 08-01-2015, 10:15 AM
SA for newbuild rental question by gcltd Started by gcltd, 06-01-2015, 10:49 AM	3 responses 612 views 0 likes	Last Post by King_Maker 07-01-2015, 10:22 AM
Quick Fire question on 2013/14 tax return dates....? by BlueCross Started by BlueCross, 06-01-2015, 22:08 PM	3 responses 638 views 0 likes	Last Post by King_Maker 07-01-2015, 09:01 AM
Posting a tax returrn now, purely for a loss, to set against 2015/2016 income? by JerzyBalowski Started by JerzyBalowski, 02-01-2015, 11:31 AM	11 responses 1,448 views 0 likes	Last Post by JerzyBalowski 07-01-2015, 00:25 AM
Accountant recomendation sought by andyg1 Started by andyg1, 06-01-2015, 13:40 PM	7 responses 871 views 0 likes	Last Post by jpkeates 06-01-2015, 18:18 PM
Can you still pay Class 2 NI contributions for 2013/2014? by cascas Started by cascas, 03-01-2015, 17:05 PM	3 responses 718 views 0 likes	Last Post by King_Maker 04-01-2015, 14:04 PM

Sunday Times Report 7 Aug 2022 ( on Welsh holiday lets.)

by Gordon999

This report was about a retired solicitor living in Cardiff , with 2 holiday lets in Solva , Pembrokeshire. His properties only let for around 18 weeks a year but Welsh Government require 26 weeks letting to qualify for business rates. The increase in council tax to treble rate compared to rate...
- Channel: Tax Questions
13-08-2022, 17:22 PM
Reply to Giving/Gifting House to Kids

by gnvqsos

Did the labouring job jeopardise his position at Royal Mail? lt is strange no contingency fund was taken on holiday.. I don't think it makes sense to purchase, and insure/maintain a camper van to save on 7 days accommodation.The typical cost including depreciation exceeds £1500 pa...
- Channel: Tax Questions
13-08-2022, 14:54 PM
Giving/Gifting House to Kids

by Tony-Edwards

Elderly parents in early 80s, one in not so good health.

Lived in the same home (no mortgage etc) for 50+ years - now worth approx £180,000 - £200,000 and they have minimal savings.

Looking ahead, if one has to go into care (or council provided home care) I understand there...
- Channel: Tax Questions
11-08-2022, 11:12 AM
Reply to Expense Categories

by theartfullodger

The old saw was that you had 3 sets of accounts....
- one for yourself
- 2nd for tax man
- 3rd for wife/husband/partner
How does your chosen software handle this?...
- Channel: Tax Questions
13-08-2022, 12:14 PM
Expense Categories

by philrosenberg

I'm just in the process of buying my first property as a Ltd company and I have gotten FreeAgent accounting software free with my bank account.

I have a list of categories to assign to my expenses, but they aren't all that relevant to residential property businesses. I wondered if others...
- Channel: Tax Questions
13-08-2022, 10:53 AM
Reply to Higher rate LTT or not?

by AddictedMonster

Thank you very much. I appreciate the information.
- Channel: Tax Questions
13-08-2022, 12:04 PM
Higher rate LTT or not?

by AddictedMonster

Hi my partner and I are looking to sell one of our rentals and our residential property and buy a larger property.

I'm confused whether we will be charged the higher rate land transaction tax due to owning a third property that we own that will not be sold as of yet. It was our previous...
- Channel: Tax Questions
13-08-2022, 11:26 AM
Reply to Expense Categories

by AndrewDod

What you record for your own purposes is up to you, but for purposes of tax return, for just one property, and rent < 80K, can just pop it all into "Other expenses" - so long as you can resurrect it when HMRC audits you.

At least that applies to individual self assessment,...
- Channel: Tax Questions
13-08-2022, 11:57 AM
Reply to Giving/Gifting House to Kids

by Neelix

in the eyes of HMRC all this is completely irrelevant...
- Channel: Tax Questions
13-08-2022, 11:46 AM
Reply to Expense Categories

by Jon66

Most people I know use an excel spreadsheet.
- Channel: Tax Questions
13-08-2022, 11:39 AM

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