Tax Questions

Collapse

Forums Topics Posts Last Post
No forums found.
  •  
  • Filter
  • Time
  • Show
  • New Topics
Clear All
new posts
There are no conversations in this channel.
 
  • Filter
  • Time
  • Show
Clear All
new posts
Please log in to your account to view your subscribed posts.
  •  
  • Filter
  • Time
  • Show
  • Sort By
  • Order
Clear All
new posts
Topics Statistics Last Post
Started by MikeKnight, 14-09-2019, 10:19 AM
8 responses
114 views
0 likes
Last Post AndrewDod  
Started by alice123, 17-05-2019, 14:29 PM
34 responses
282 views
0 likes
Last Post alice123  
Started by SnowyDays, 06-09-2019, 20:13 PM
5 responses
94 views
0 likes
Last Post Gordon999  
Started by terrihaz, 24-08-2019, 20:33 PM
8 responses
167 views
0 likes
Last Post alice123  
Started by alice123, 06-09-2019, 17:08 PM
3 responses
80 views
0 likes
Last Post AndrewDod  
Started by alice123, 07-09-2019, 13:55 PM
10 responses
87 views
0 likes
Last Post alice123  
Started by tommys, 29-08-2019, 15:03 PM
20 responses
261 views
0 likes
Last Post Lawcruncher  
Started by Bobbydazzler, 27-08-2019, 20:16 PM
13 responses
1,978 views
0 likes
Last Post leaseholder64  
Started by GeddyMortgage, 09-04-2019, 08:39 AM
43 responses
1,027 views
0 likes
Last Post happyshopper  
Started by Carmsboy, 29-08-2019, 09:29 AM
2 responses
47 views
0 likes
Last Post nukecad
by nukecad
 
No topics found.

Latest Topics

Collapse

  • Reply to Tax situation on money I paid for deposit
    by Thurrock1
    Thank you for your replies. It's hard to get yr head around!! but i think ive got it.

    I am hoping to take some of this deposit back now as monthly repayments (as the flat was bought in 2008 and i need some of the money now). So I think I am ok doing this, so long as, on the sale of the...
    18-04-2021, 11:49 AM
  • Tax situation on money I paid for deposit
    by Thurrock1
    Hi, I bought a BTL flat in 2008 and wanted to recoup the deposit I paid on this (approx £25000). It is in joint names but the deposit was paid by me only. I wanted to take back that money and wondered how to list this in the SA tax return. If anyone can advise me i would be really grateful. Th...
    18-04-2021, 08:26 AM
  • Reply to Tax situation on money I paid for deposit
    by Gordon999
    The SA Tax return is for reporting rental income and rental expenses. The £25K deposit is not reported in the SATR .

    The £25K deposit is treated like a second mortgage loan at Nil interest . So if the property costs £100K , the 1st mortgage lender provides £75K loan and you provide...
    18-04-2021, 11:01 AM
  • Reply to Tax situation on money I paid for deposit
    by jpkeates
    How is the money being "taken back"?
    18-04-2021, 09:21 AM
  • Reply to MTD and an End to Accidental Landlords ?
    by jase222
    I know many who use pen and paper, there should be a way for those who do to summit it 4 x a year by paper? My parents are in there 70s and trying to get them set u will a nightmare...
    18-04-2021, 05:56 AM
  • MTD and an End to Accidental Landlords ?
    by landlord-man
    Now that we know every LL will be captured by the new MTD Reporting Rules from April 2023 (at the latest) - do you think LLs with just one property will abandon the PRS in large numbers?

    I'm unsure whether Letting Agents will be competent enough to take on this responsibility - and I cannot...
    17-04-2021, 09:17 AM
  • Reply to MTD and an End to Accidental Landlords ?
    by Gordon999
    The simple way : You take last year's - 12 months rental income , expenses and profit and divide by 4 and submit the 25% figures each quarterly return and submit the real 12 months figures in the 4th Quarter Tax Return.
    18-04-2021, 03:20 AM
  • Reply to Limited Company and BBL
    by Gordon999
    I would expect your own tax bill at 10% rate on £4600 taxable capital gain after disposal of commercial property held under personal name, may be around £460 .
    18-04-2021, 03:09 AM
  • Limited Company and BBL
    by Cameron9988
    Could do with some advice.
    So I have a Ltd company with a semi commercial proeprty in it as follows :
    • Value £155k
    • No mortgage
    • Bank Natwest
    • Have a £50 Bounce Back Loan ( BBL ) in the business account un-used
    • The BBL was loaned to the Ltd
    I now want to transfer another semi commercial...
    17-04-2021, 08:33 AM
  • Reply to MTD and an End to Accidental Landlords ?
    by davidmartin_uk
    Its landlords with a turnover of more than £10,000 a year. So any property rented for £830 a month. Basically nearly all landlords!!. Starts April 2023. Just got to do 4 times a year instead just one time in jan. once you get a system going it should not be too bad....
    17-04-2021, 21:35 PM
Working...
X