Tax Questions

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Family Trusts etc for Dummies by jessa46 Started by jessa46, 05-01-2021, 15:31 PM	12 responses 132 views 0 likes	Last Post by Neelix 14-01-2021, 16:57 PM
When to register/pay tax by Socalledben Started by Socalledben, 12-01-2021, 14:30 PM	15 responses 108 views 0 likes	Last Post by Section20z 14-01-2021, 13:33 PM
20/21 CGT plus Self Ax by More Qs than As Started by More Qs than As, 14-01-2021, 02:12 AM	3 responses 53 views 0 likes	Last Post by More Qs than As 14-01-2021, 09:11 AM
Stamp duty when owner moves back to uk from abroad by cycle Started by cycle, 11-01-2021, 10:24 AM	6 responses 73 views 0 likes	Last Post by cycle 13-01-2021, 18:55 PM
Mortgage Interest on accruals basis - is MIRAS certificate any use? by 123Landlord Started by 123Landlord, 11-01-2021, 09:43 AM	3 responses 44 views 0 likes	Last Post by Gordon999 12-01-2021, 20:39 PM
Half tax for current tax period due by end of January (for the first time) by Gep Started by Gep, 10-01-2021, 09:42 AM	5 responses 97 views 0 likes	Last Post by Neelix 12-01-2021, 18:46 PM
Selling a Property - Allowable Expenses? by GordyBoy Started by GordyBoy, 11-01-2021, 13:30 PM	3 responses 72 views 0 likes	Last Post by Gordon999 12-01-2021, 09:30 AM
Travel expenses for visiting property by tommyt Started by tommyt, 24-12-2020, 10:23 AM	9 responses 221 views 0 likes	Last Post by Lots on 11-01-2021, 17:43 PM
Sorry, yet another CG question by lllccc Started by lllccc, 05-01-2021, 23:38 PM	7 responses 103 views 0 likes	Last Post by Gordon999 11-01-2021, 05:46 AM
Inheritance tax parent's rent contribution by Nicolas10 Started by Nicolas10, 09-01-2021, 08:11 AM	9 responses 106 views 0 likes	Last Post by Gordon999 10-01-2021, 12:56 PM

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!
- Channel: Tax Questions
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...
- Channel: Tax Questions
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.
- Channel: Tax Questions
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....
- Channel: Tax Questions
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?
- Channel: Tax Questions
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.
- Channel: Tax Questions
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...
- Channel: Tax Questions
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
...
- Channel: Tax Questions
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?...
- Channel: Tax Questions
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....
- Channel: Tax Questions
28-02-2021, 10:50 AM

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