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Started by JK0, 07-05-2020, 14:10 PM
10 responses
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Last Post JK0
by JK0
 
Started by philg, 18-04-2020, 15:43 PM
22 responses
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Last Post blinko
by blinko
 
Started by nando111, 01-05-2020, 21:41 PM
11 responses
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Last Post Gordon999  
Started by buffalo747, 02-05-2020, 10:10 AM
6 responses
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Last Post buffalo747  
Started by bengal, 30-04-2020, 17:10 PM
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Last Post jpkeates  
Started by John18, 30-04-2020, 11:48 AM
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Last Post Gordon999  
Started by Kiki7976, 17-04-2020, 21:57 PM
3 responses
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Last Post Gordon999  
Started by banner257, 11-04-2020, 18:18 PM
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Last Post jpkeates  
Started by Bach, 18-04-2020, 00:29 AM
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Started by K.A.R., 29-11-2014, 09:09 AM
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Last Post Jerome2020  
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  • Reply to Self assessement questions
    by Gordon999
    The lodger allowance is £7500 p.a and not required to report in tax return.
    08-08-2020, 19:16 PM
  • Self assessement questions
    by Logical.Lean
    I'm just doing my wife and my self assessment.

    We own a property together in the a 90/10 % split.

    The first question online is whether my income from property is greater than £1000.

    No.

    I've itemized all costs and interest etc on a spreadsheet...
    08-08-2020, 15:44 PM
  • Reply to CGT evidence
    by Gordon999
    Did you really pay out £40K in cash to tradesmen who gave no receipts ?

    If you just claim the costs for which you have receipts, the capital gain achieved during the rental period = 50% of the total capital gain. What does this figure come to ? .
    08-08-2020, 19:07 PM
  • CGT evidence
    by PaulRs1
    Hi All,

    I’m an accidental landlord and about to sell the house. Lived in it for 4 years and rented it out for 6 (with the intention of moving back, which never happened)

    im aware I need to pay CGT and can claim improvement costs, I basically bought a wreck and renovated it...
    08-08-2020, 13:25 PM
  • Reply to CGT evidence
    by Section20z
    HMRC will require no evidence unless they decide to investigate in which case guesswork will be insufficient....
    08-08-2020, 17:34 PM
  • Reply to CGT evidence
    by theartfullodger
    Accidentally signed an AST?

    No receipts so what would you do if you need to get supplier/contractor back due to bad work? Was this cash in claw?

    Surely at least bank statements or credit card records of expenditure? Can you get confirmation from suppliers? They must have ...
    08-08-2020, 17:01 PM
  • Reply to First time self assessment calculation before submittnig?
    by Advice seeker
    I am almost there with my figures now. Works out about 9k odd, plus 10% penalty and there is interest :/ so am hoping 10k roughly.

    Would be interested in your opinions actually as a business model or whatever you want to call it...

    Over the eleven years since I started the...
    08-08-2020, 16:25 PM
  • First time self assessment calculation before submittnig?
    by Advice seeker
    Hi all

    This might be a simple one, or not.

    Can someone please advise if this seems correct?

    For 2019-2020 I have the following on the HMRC form:

    £9715 income
    £2558 total allowable expenses

    Profit £7517

    I believe mortgage...
    15-07-2020, 20:04 PM
  • Tax to Pay on Lease Extension
    by divadee
    Myself and partner own the freehold to the building we live in, this is in the form of a limited company. We were accidental freeholders as the previous freeholder wanted to sell and no one else living here wanted to buy it so we bought it to have some control over the service charges etc....
    ...
    07-08-2020, 09:48 AM
  • Reply to Tax to Pay on Lease Extension
    by jpkeates
    flyingfreehold I didn't know that - thanks...
    08-08-2020, 11:39 AM
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