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Started by jessa46, 05-01-2021, 15:31 PM
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Last Post Neelix
by Neelix
 
Started by Socalledben, 12-01-2021, 14:30 PM
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Last Post Section20z  
Started by More Qs than As, 14-01-2021, 02:12 AM
3 responses
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Last Post More Qs than As  
Started by cycle, 11-01-2021, 10:24 AM
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Last Post cycle
by cycle
 
Started by 123Landlord, 11-01-2021, 09:43 AM
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Last Post Gordon999  
Started by Gep, 10-01-2021, 09:42 AM
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Last Post Neelix
by Neelix
 
Started by GordyBoy, 11-01-2021, 13:30 PM
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Last Post Gordon999  
Started by tommyt, 24-12-2020, 10:23 AM
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Last Post Lots on
by Lots on
 
Started by lllccc, 05-01-2021, 23:38 PM
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Last Post Gordon999  
Started by Nicolas10, 09-01-2021, 08:11 AM
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  • Reply to Travel expenses
    by shoobydoo
    Thank you for your replies. The guide was for this tax year, so I just thought I had missed some changes in HMRC legislation!
    28-02-2021, 15:06 PM
  • Travel expenses
    by shoobydoo
    I may be misunderstanding this Hamilton Fraser guide (see excerpt below) but are self-employed landlords allowed to claim travel expenses or not? Thanks.

    "A self-employed landlord can claim some of these – the costs of travel with your own vehicle and working from home – using ‘simplified...
    28-02-2021, 13:08 PM
  • Reply to Travel expenses
    by jpkeates
    I agree with the above.
    A rental property is not a regular place of work in that sense.

    As long as the travel is wholly and exclusively for your business, it can be treated as an allowable expense.
    28-02-2021, 15:03 PM
  • Reply to Travel expenses
    by AndrewDod
    As far as I am concerned the advice you are reading is bull. You can claim all mileage. A rental property is not your regular place of work which applies to fixed PAYE jobs. A freelance teacher who travels to the homes of various students can claim all the costs of her travel. It's a cost....
    28-02-2021, 14:41 PM
  • Reply to Travel expenses
    by shoobydoo
    So I cannot claim mileage for doing quarterly inspections or annual gas safety certificates etc as these would be considered "predictable" but diy is ok because it is unpredictable in nature?
    28-02-2021, 14:13 PM
  • Reply to Travel expenses
    by Gordon999
    If you do diy repairs to your BTL property, you can claim mileage allowance for using car to take tools and repair materials to the property or to visit property to change the door lock or check new keys are cut correctly.
    28-02-2021, 13:29 PM
  • Reply to Default Property Sale - CGT - Non resident Tax Payer
    by Gordon999
    The tax rules could change before 2025 because the Chancellor has urgent need to raise tax revenue to cover Covid -19 epidemic costs and an estimated £300 Bil deficit. You should expect capital gains tax rates to be higher in future.

    If your capital gain is low say £20K , you would...
    28-02-2021, 13:21 PM
  • Default Property Sale - CGT - Non resident Tax Payer
    by ChloeRadshaw
    This thread will try to understand better the rules around property disposal for non UK tax payers.

    Background:
    Property bought in 2006 for 240K - Now worth 500K. I am non tax resident in the UK and this has always been a BTL rented out

    Problem
    I have 260K CGT
    ...
    05-11-2020, 16:46 PM
  • Reply to Tax for renew lease
    by jimmylau8080
    The freehold company was owned by a pension investment company. After we purchased it, they will transfer our share of the freehold to all flat owners (Half of us, including me, have this as a private resident). According to them, we need to pay because we are freeholders now. Isn't correct?...
    28-02-2021, 11:56 AM
  • Tax for renew lease
    by jimmylau8080
    I going to receive my new 999-year lease with no ground rent payable is given to the leaseholder, after I paid around £7,000 to extend my current flat from 89 years lease to a 999-year lease with no ground rent payable.

    I received a piece of advice that there are income tax implications....
    28-02-2021, 10:50 AM
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