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Related UK Tax Questions
My partner and I have just purchased a holiday property in
Hi My partner and I have just purchased a holiday property in Alderney - one of the Channel Islands. We have re-mortgaged our property here on the mainland and are considering renting the holiday prop… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
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. I live in the USA and own a property in the UK that
Hello. I live in the USA and own a property in the UK that I rent out. My tax is collated into the US, therefore the UK income from the property and associated losses are reported in he US. I also fil… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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My wife and I bought a property in her sole name on 18th July
My wife and I bought a property in her sole name on 18th July 2000 which we have used as a second home. The first property was bought for £65,000 by increasing our joint One Account mortgage by that a… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
hi, my wife and I are buying a property to run as a holiday
hi, my wife and I are buying a property to run as a holiday let by raising a mortgage on my primary residence. Can i offset the mortgage interest payments against my tax bill for the holiday let? also… read more
taxadvisor.uk
taxadvisor.uk
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Hi, My wife has always worked for an employer and paid her
Hi, My wife has always worked for an employer and paid her taxes PAYE. I on the other hand earn living as a property investor with a portfolio of seven properties all of which are in my sole name exce… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
if i borrow money to buy a group of 3 garages to rent out and
if i borrow money to buy a group of 3 garages to rent out and am unable to fully rent all 3 say i rent 1 Can i claim the interest on the borrowed money back from tax stopped on paye I.E i have payed £… read more
Tony Tax
Tony Tax
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High School or GED
16,712 satisfied customers
I am buying a property to let. I am securing the finance to
I am buying a property to let. I am securing the finance to purchase and improve this property against my main residence. The main part of the cash £74,000 is a new loan against our current property. … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Thanks sam what expences can I claim against the rent additionally
Thanks sam what expences can I claim against the rent? additionally we are a married couple do we split the rental income between our 2 returns or can we put it all on my wifes as she has no income.… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
i have been letting a property out using a letting agency for
i have been letting a property out using a letting agency for the last six months, the rental income just covers the morgage, property insurance and maintaince. i would like to know if i need to decla… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
I am filing tax return for buy to let property, jointly owned. I
I am filing tax return for buy to let property, jointly owned. I borrowed £40k from exsisting sole residential mortgage (current home) in my name to pay as deposit towards BTL Purchase. This was addit… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
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High School or GED
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I have purchased a holiday home in france and intend letting
I have purchased a holiday home in france and intend letting it out for more than 71 days ( if possible) .I have rental income from property in the uk can I deduct the expenses of my holiday home from… read more
Anne T
Anne T
Bachelor's Degree
146 satisfied customers
Three years ago we bought a second home with a new mortgage,
Three years ago we bought a second home with a new mortgage, moved into this and let out our original property, for which we set up a new buy to let mortgage to replace the previous residential mortga… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi Sam; a further question we martgaged our residential home
Hi Sam; a further question: we martgaged our residential home to raise money to buy a property we now let. We do not have a mortgage on our residential home other than to fund the rental: can we 'cros… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
Hi my wife , daughter and daughters partner are joint owners
Hi my wife , daughter and daughters partner are joint owners of a cottage used for holiday letting - my daughter and her partner live during the summer (April to September ) in a separate self contain… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I reswide in Colorado and complete my tax form on line,I purchased
I reswide in Colorado and complete my tax form on line,I purchased a holiday home in the UK which is rented out.I purchased the premise on the 31st Dec 08,Am I correct in assuming that I declare any m… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
I am hoping to buy a UK coastal property as a holiday home
I am hoping to buy a UK coastal property as a holiday home and rent it out via an agency when my family are not using it. Similar aprtments are renting out for approx 20-25 weeks per year. I anticipat… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
Hi, I am considering buying a second home to use partly
Hi, I am considering buying a second home to use partly as a holiday place for myself, family and friends but also to rent out to 3rd parties for holidays during the year. To buy the property i am goi… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,759 satisfied customers
Hi - i am looking at buying a UK property to let as a holiday
Hi - i am looking at buying a UK property to let as a holiday rental. I want to set mortgage interest off against rental income for tax purposes. Are there any limitations on what mortgage i can choos… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
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