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Started by michaelhill80, 26-04-2018, 14:44 PM
5 responses
139 views
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Last Post tatemono  
Started by AndrewDod, 27-04-2018, 12:43 PM
6 responses
85 views
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Last Post Gordon999  
Started by GeddyMortgage, 05-04-2018, 12:36 PM
8 responses
329 views
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Last Post jpkeates  
Started by johnsmith0774, 19-04-2018, 11:55 AM
7 responses
125 views
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Last Post Gordon999  
Started by AnthonyLHD, 23-04-2018, 15:07 PM
1 response
103 views
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Last Post jpkeates  
Started by Silver Fox, 23-04-2018, 10:01 AM
6 responses
90 views
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Last Post Silver Fox  
Started by Commanders2000, 22-04-2018, 00:17 AM
5 responses
90 views
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Last Post loanarranger  
Started by dotcotton999, 20-04-2018, 21:03 PM
8 responses
136 views
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Last Post dotcotton999  
Started by RedHitman, 11-04-2018, 07:44 AM
22 responses
472 views
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Last Post RedHitman  
Started by AnthonyLHD, 21-04-2018, 06:52 AM
2 responses
43 views
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Last Post loanarranger  
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Latest Topics

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  • Seeking a professional tax expert please
    Landlord2015
    Fed-up of all the attacks on the BTL sector by the government and the ever-increasing red tape and hassles of managing tenants, so I'm looking to sell my portfolio of UK BTL properties and invest a fairly large sum into equities etc. from which to receive an annual 'retirement' income.

    ...
    20-08-2018, 12:26 PM
  • Let Property Campaign and past experience
    JazzApples
    Hi,
    The ex-wife and I had a couple of rental properties which we've rented out for the past 2.5 years. The initial intention was to use the properties as an investment for the future, but we divorced after a year and never put our tax affairs in order. After the divorce, I wanted to declare the...
    17-08-2018, 16:19 PM
  • Reply to Let Property Campaign and past experience
    Gordon999
    I expect both you and ex-wife have to submit tax return for rental profit for 2016/2017 and 2017/2018 ( since you started letting 2.5 years ago and current year end profit cannot yet be computed ) .
    So from the letting records of each property and for each year , you calculate the...
    19-08-2018, 11:08 AM
  • Reply to Let Property Campaign and past experience
    jpkeates
    First of all, I'd give your wife a heads up that she's about to get "done" if she doesn't already know.
    I'd guess she's received the same letter, but you never know.

    I'd use an accountant. Find one that's done this kind of thing before.
    They'll know what the standard...
    18-08-2018, 08:24 AM
  • Becoming self employed to become your tenant's gardener?
    Juliaabc
    Hi everyone. Never posted before because had nothing to add, but I was wondering if I could get some suggestions or pointers before I start having to pay costs to set this up.


    My query is this: I have a mortgaged property which has a consent to let agreed upon it. The property...
    14-08-2018, 16:03 PM
  • Reply to Becoming self employed to become your tenant's gardener?
    jpkeates
    Some landlords pay tax via PAYE with HMRC approval.

    Most landlords aren't "self employed", even if they complete a self assessment annually....
    18-08-2018, 08:16 AM
  • Reply to Let Property Campaign and past experience
    g373
    Hi again

    I overlooked the fact that your profit was £20k per year so the tax and fine may be bigger. Was there a mortgage on these properties?

    however, there may still be time register for self assessment for the 2017/18 tax year meaning there would be no fine for that year....
    18-08-2018, 05:57 AM
  • Reply to Let Property Campaign and past experience
    JazzApples
    g373,
    Thanks for the information. I'm a basic rate tax payer and there were a few months of the property being empty, so will see on the fine.

    Did you process the tax documents and submit yourself or use an accountant? From what I've see so far, it's mostly a matter of diligent record...
    17-08-2018, 21:09 PM
  • Reply to Let Property Campaign and past experience
    theartfullodger
    Oh right, "Child Benefit" isn't a benefit then......
    17-08-2018, 20:39 PM
  • Reply to Let Property Campaign and past experience
    AndrewDod
    Artful -- in casual conversation when most folk talk about benefits they are not talking about your "old age" pension "earned" mostly via paying national insurance contributions and tax (albeit not related to the quantity of that tax). Nor are they talking about the NHS, child benefit,...
    17-08-2018, 19:26 PM
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