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Related UK Tax Questions
Hi I am trying to understand my tax situation in terms of my rental property. I make no p
Hi I am trying to understand my tax situation in terms of my rental property. I make no profit out of it and was told that I am only taxed on profit, so never declared the income. Apparently this was … read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,305 satisfied customers
Hello, my wife and I have just bought a flat which we have
Hello, my wife and I have just bought a flat which we have rent out. The income we receive from this after the mortgage has been paid we intend to use to part-fund our son when he starts university th… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
I am living and working in Alberta, Canada and have been since
I am living and working in Alberta, Canada and have been since 27/11/2008. I have been filing UK self assesment forms untill the beginning of 2012 when I was advised at last that I did not meet the cr… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am a UK citizen living and working in the UK. I am currently
I am a UK citizen living and working in the UK. I am currently paid PAYE by my employer. I am also a homeowner. Next month I will be moving to Australia with my business. I will be paid in AU$ into an… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I own and rent out two small flats. I also have a lodger in
I own and rent out two small flats. I also have a lodger in my home which I also own. When calculating my total profit I have included all rental income including that from my lodger. I have made some… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi. My wife and I jointly own one buy to let property which
Hi. My wife and I jointly own one buy to let property which we rent out and have a mortgage on it. I am a higher rate tax payer , my wife isn't. Can we share or split the tax liability in any way ? Wo… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
We have a gross monthly salary of 4,583.33 a property that
We have a gross monthly salary of £4,583.33 a property that we rent out for £900 per month. The management fee is 11% of this and we also pay a £553.05 each month towards the mortgage of £42,489.88. T… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
I am renting out my flat in London. The offset mortgage is
I am renting out my flat in London. The offset mortgage is £700 (interest and repayment), with a service charge of £200. I am planning to rent out two of three rooms to friends, who have agreed to pay… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
My husband and I separated in 2006 and later that year we put
My husband and I separated in 2006 and later that year we put our marital home into my sole ownership and a rental property we co owned into his name only. I still own a rental flat in my name only. H… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
My rental income does not cover my mortgage-will i have to
My rental income does not cover my mortgage-will i have to pay tax on it? Thanks very much… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
Dear Tax Expert I am filling out a backdated tax return for
Dear Tax Expert I am filling out a backdated tax return for 07/08 and 08/09 (as agreed by HMRC). I am not sure whether to pro rata my allowable expenses for the 07/08 return. To give you some backgrou… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
i am employed and pay taxes. i was living i a flat for which
i am employed and pay taxes. i was living i a flat for which i pay a mortgage,but 1 year ago i moved to a new city. now renting an unfurnished house. i did not manage to sell my previous flat yet. so … read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
We are British citizens but non-resident for tax purposes.
We are British citizens but non-resident for tax purposes. We have 2 properties in the UK both rented out, one of which was our principal residence before we moved abroad. One mortgage is repayment an… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
Hi. I bought a flat in 2000 for 75k and rented it out to my
Hi. I bought a flat in 2000 for £75k and rented it out to my local council for £750/month. My mortgage was £500/month and other expences was £50/month. My net profit was £200/month. I sold the flat in… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I have received a new tax code now that I am in receipt of
I have received a new tax code now that I am in receipt of State Pension, I also have an occupational pension which I will have to pay tax on. My husband is 60, disabled and unable to work. His tax co… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Dear tax expert! I have a quick Q about income tax. I rented
Dear tax expert! I have a quick Q about income tax. I rented out my flat on 01/02/08 because I was off travelling for 6 months. On my return, I moved in with my boyfriend and my flat is still being le… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
Im looking into buying a flat to rent out as an investment
I'm looking into buying a flat to rent out as an investment for my young children. Having looked at the "buy to let" mortgages availible I'm now considering raising the capital by re mortgaging my hou… read more
Mrs-Tax
Mrs-Tax
Tax Adviser
Bachelor's Degree
59 satisfied customers
we are contractors in the building industry and we have been
we are contractors in the building industry and we have been told that we have to pay not only are tax for up to june 08 but pay in advance are tax for up to june 09, half now and half in july. Is thi… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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Sam

Sam

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26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

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bigduckontax

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1,305 satisfied customers

FCCA FCMA CGMA ACIS

TEAP007

TEAP007

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Fully Trained Inspector of Taxes / District Inspector/ Team Leader/ Offshore Consultant/ 41 years

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Andrew Baker(baktax)

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35+ years experience in income tax, CGT, non-residence

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berduchwal

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Qualified accountant and bookkeeper running my own practice since 2008.

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Clare

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Mrs-Tax

Tax Adviser

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Law Degree, 19 years in UK Tax.

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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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