Hello everybody,
I've just done my self-assessment for 2019-2020 and for the first time I've been asked to pay in advance half the tax for the current tax period, 2020-21 (see below).
My self-assessment is rather simple, I only have my job and 1 rental property and none of that has...
8 results in 0.0152 seconds.
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Half tax for current tax period due by end of January (for the first time)
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Self Assessment and NRL1 need help please !
Hi! I am a non-residence UK and living outside the UK (my Domicile of origin is of course Thailand). And This is my first time filling the UK tax self assessment
Last year, I just try start to my investment in UK property for a hotel room. I have been advised to register for NRL1 form as... -
When is an accountant required? and would you bother with a very short previous year?
We started decorating the property in January 2020 to rent out. We got the property online in March 2020 via an online agency. But only got tenants in last month.
Do we wait until April 2021 to get an accountant to do our 2020-2021 tax returns? When we have all the income and expenses of... -
BTL Tax return when proportional ownership / reliefs
Hi all
I'm a first time landlord and I own the property with my wife as tenants in common with 95% in her name and 5% in my name. We did this previously seeking some tax efficiencies given I am a higher rate taxpayer and she is basic rate taxpayer.
My first question however... -
Allowable Expenses - can I claim them sometime in the future?
Hi
My property income is less than £7,000 per year and I have no other income. This means that I do not pay tax because I do not make enough profit from my rental property (although I obviously still complete a self-assessment tax return). However, I have now incurred approximately £4,000... -
Landlord income Tax? -who's responsible for paying the income tax?
Landlord income Tax? -who's responsible for paying the income tax?
The landlord doesn't have to be the owner of the property necessarily does he ?
If a property is rented out, then this is a form of rental income, so it has to be declared to HMRC.
If the... -
Contract wrongly says unfurnished flat-still qualify for Wear&Tear filing tax return?
Flat let to the local council who pay me direct, tenant is good as gold but my ignorance setting up the deal last year meant that current 6 month contract states "unfurnished" - however the flat has furniture, white goods all in good working condition - ie it is and always has been furnished... -
"Other allowable property expenses"
I'm going through my tax return and Section 27: "other allowable property expenses" looks like an possible opportunity to claw a bit back.
My (small) property is managed by a management firm.
Can I claim for any unreceipted expenses at all?
Are...