There are no conversations in this channel.
Please log in to your account to view your subscribed posts.
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by Zaffiro, 24-10-2020, 18:08 PM
|
4 responses
87 views
0 likes
|
Last Post
![]()
by Gordon999
19-12-2020, 02:52 AM
|
||
Started by Newbie549, 17-12-2020, 15:08 PM
|
5 responses
68 views
0 likes
|
Last Post
by jpkeates
18-12-2020, 10:32 AM
|
||
Started by Sunshinesetter, 13-12-2020, 14:22 PM
|
5 responses
65 views
0 likes
|
Last Post
![]()
by Gordon999
17-12-2020, 22:51 PM
|
||
Started by josswallace, 10-12-2020, 14:09 PM
|
6 responses
105 views
0 likes
|
Last Post
by jpkeates
14-12-2020, 16:39 PM
|
||
Started by Northcave, 14-12-2020, 11:56 AM
|
1 response
51 views
0 likes
|
Last Post
![]()
by Gordon999
14-12-2020, 12:40 PM
|
||
Started by lllccc, 12-12-2020, 00:20 AM
|
8 responses
110 views
0 likes
|
Last Post
by jpkeates
14-12-2020, 11:42 AM
|
||
Started by Grim, 11-12-2020, 13:06 PM
|
16 responses
131 views
0 likes
|
Last Post
by jpkeates
14-12-2020, 11:33 AM
|
||
Started by ThePalmist, 12-10-2020, 17:33 PM
|
23 responses
292 views
0 likes
|
Last Post
![]()
by ThePalmist
13-12-2020, 17:40 PM
|
||
Started by annam222, 10-12-2020, 09:43 AM
|
3 responses
123 views
0 likes
|
Last Post
![]()
by annam222
11-12-2020, 18:31 PM
|
||
Started by 1600e, 11-12-2020, 11:34 AM
|
16 responses
131 views
0 likes
|
Last Post
![]()
by TykeL&L
11-12-2020, 14:52 PM
|
No topics found.
Latest Topics
Collapse
-
My accountant has completed my tax return. I work as a self employed cleaner and that is my income. Last year I earned less than my personal tax allowance. I rent out a property and I make a profit. Can someone please confirm that class 4 is NOT payable on rental income?
-
Channel: Tax Questions
11-01-2021, 14:48 PM -
-
Reply to Class 4 NIC on rental propertyby pebblepebbleAre you certain it's for NIC's? I think its the two payments on account which is towards the tax for the next year.
-
Channel: Tax Questions
27-01-2021, 23:19 PM -
-
Reply to Class 4 NIC on rental propertyby Gordon999Do you mean £20K profit after expenses ?
If the rental income comes from properties held long term, it is "investment income" and not subject to class 4NIC.
http://accountant-preston-lancashire...e-lettings-tax...-
Channel: Tax Questions
27-01-2021, 23:01 PM -
-
Reply to Class 4 NIC on rental propertyby Gordon999The rental profit ( rental income after deducting allowable expenses ) is taxed as " income + your job income " = total income which is tax at 20% and 40% after deducting the personal allowance.
The class 4 NIC rate is charged on " trading income" but not charged...-
Channel: Tax Questions
27-01-2021, 22:54 PM -
-
by Berkshire45This is for 2 unrelated parties tenants in common with beneficial ownership (rental and proceeds of sale) 100% to one party. They are selling up soon and want to know if the CGT will only fall on the beneficial party....
-
Channel: Tax Questions
02-11-2020, 08:01 AM -
-
by pebblepebbleAnd also the relevent HMRC page has a link...
-
Channel: Tax Questions
27-01-2021, 22:00 PM -
-
Reply to Class 4 NIC on rental propertyby bhodgkissHi All
my partner's only income is property income, and this year she has £20k profit after tax (first time she's had a decent amount)
Weve got to the end of the self assessment return and it says £1600 too pay in tax, which is fine, but then apparently we need to pay the...-
Channel: Tax Questions
27-01-2021, 21:56 PM -
-
by Singhno1I have a Self Assessment to fill. In the section where they ask about Traditional Accounting or Cash Basis Which one shall I choose.
I have one Studio flat BTL for which I receive rent and expenses earning below £150k of course. I also have a job.
1) What option to choose...-
Channel: Tax Questions
26-01-2021, 14:19 PM -
-
by Singhno1So if I am choosing Traditional and get paid say £100 on 3rd of Apr rent in advance then I could split it. For eg say rent is £100pcm paid on 3rd Apr then £100x12 / 365 = £3.28 x 3(3rd, 4th and 5th apr) = £9.86 for current financial year and £3.28 x 27 = £88.56 in to the next financial year....
-
Channel: Tax Questions
27-01-2021, 19:05 PM -
-
by Tlugz55Hello All, hope everyone is keeping well. I think I'm on the right topic. I just wanted to ask a couple of inheritance tax questions.
my dad approach me and asked me to help sort his finances so we do not have to pay too much tax later.
Both parents still married and own a family house worth...-
Channel: Tax Questions
27-01-2021, 17:01 PM -