Tax Questions

		Statistics	Last Post
Tax Relief when Remortgaging by Friston Started by Friston, 09-05-2005, 13:48 PM	6 responses 3,652 views 0 likes	Last Post by Tax Accountant 29-05-2005, 17:35 PM
House Sales and CGT... by trio Started by trio, 05-02-2005, 15:53 PM	3 responses 2,497 views 0 likes	Last Post by Tax Accountant 23-05-2005, 19:22 PM
CGT Position by bbjjcc Started by bbjjcc, 15-02-2005, 17:21 PM	2 responses 2,352 views 0 likes	Last Post by Tax Accountant 23-05-2005, 19:08 PM
Drawing a salary from BTL business by JDO Started by JDO, 19-02-2005, 13:46 PM	5 responses 3,422 views 0 likes	Last Post by Tax Accountant 23-05-2005, 10:25 AM
Limited Company by MrWoof Started by MrWoof, 06-04-2005, 08:44 AM	5 responses 3,541 views 0 likes	Last Post by Tax Accountant 20-05-2005, 16:54 PM
What can I claim against rental income by josswallace Started by josswallace, 11-05-2005, 16:33 PM	3 responses 5,063 views 0 likes	Last Post by Tax Accountant 20-05-2005, 16:43 PM
CGT again sorry by ctfrancis Started by ctfrancis, 13-05-2005, 11:45 AM	1 response 1,806 views 0 likes	Last Post by Tax Accountant 13-05-2005, 12:44 PM
CGT and IHT by nma Started by nma, 24-02-2005, 12:43 PM	1 response 1,865 views 0 likes	Last Post by Tax Accountant 13-05-2005, 12:18 PM
Principle Private Residence (PPR) by JAS Started by JAS, 23-02-2005, 22:40 PM	2 responses 2,668 views 0 likes	Last Post by Tax Accountant 13-05-2005, 11:41 AM
Marginal rate - can anyone explain? by Likelystory Started by Likelystory, 26-02-2005, 12:20 PM	9 responses 3,776 views 0 likes	Last Post by Tax Accountant 13-05-2005, 11:15 AM

Rent 2 Rent Tax Return

by dhoops97

Hi,

I'm currently receiving the rental income for my dads properties. I'm currently fully managing the properties for him and the tenants are paying the rent into my account. Once I receive the rent, I pay my dad a fixed amount and I keep the rest. Is this legal? And if so, do I pay tax...
- Channel: Tax Questions
03-08-2021, 14:24 PM
Reply to Rent 2 Rent Tax Return

by jpkeates

It's legal.

If you're named as the landlord on the tenancy agreements, your business is rent to rent.
The amount you pay your father is a business expense, so you'll end up paying tax on the profit, but you need to declare the full amount as income and the payment to your father as...
- Channel: Tax Questions
03-08-2021, 14:44 PM
HMRC Section 36 notice

by KILOCHARLIE

Wondering if anyone has any experience with one of these please?

I received a letter from HMRC a few months ago stating they were investigating my property affairs. I was told I could provide documentation regarding it to help but if I didn’t wish then they would complete the check on...
- Channel: Tax Questions
02-08-2021, 08:50 AM
Reply to HMRC Section 36 notice

by Neelix

If you were unemployed and receiving benefits and didn’t tell them you may need to brace yourself for contact from the DWP too...
- Channel: Tax Questions
03-08-2021, 10:01 AM
Advice for DoT 100/0 or 99/1 is there a beneficial difference?

by spikeg33

I would appreciate some advice on getting our one rental property transferred into my beneficial interest as I have recently retired and now have the whole of my tax allowance to use against the rental income. I have researched and researched but would like some clarification about what to do . At present...
- Channel: Tax Questions
02-08-2021, 14:07 PM
Reply to Advice for DoT 100/0 or 99/1 is there a beneficial difference?

by spikeg33

I know it’s 1% difference but was really asking what the legal implications are of either transferring it into 100/0 or 99/1. I’m not an expert in this field in any way shape or form and am merely asking for advice....
- Channel: Tax Questions
03-08-2021, 09:10 AM
Reply to Advice for DoT 100/0 or 99/1 is there a beneficial difference?

by theartfullodger

Difference between 100:0 & 99:1?? 1%.
- Channel: Tax Questions
03-08-2021, 09:02 AM
Reply to Advice for DoT 100/0 or 99/1 is there a beneficial difference?

by spikeg33

Thank you jpkeates for your advice. I will now proceed with 99/1 and happy that you have clarified the situation for me....
- Channel: Tax Questions
03-08-2021, 08:51 AM
Reply to HMRC Section 36 notice

by Section20z

In your shoes I think I would be asking for a personal interview (maybe on Zoom these days) so you can find out exactly what they require. In my experience I have always found them reasonable and helpful and you can always ask for a supportive friend to also be present if you're nervous.
Council...
- Channel: Tax Questions
03-08-2021, 08:06 AM
Reply to HMRC Section 36 notice

by Gordon999

It may help if your doctor can give you a medical letter stating approx date when you had a breakdown and suffered some memory loss.

If your job income is below the personal allowance level each year during last 6 years , you are not owing unpaid tax .
- Channel: Tax Questions
02-08-2021, 20:02 PM

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