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Related UK Tax Questions
Question re Property and rental income.I have a client who
Hi Tony, question re Property and rental income.I have a client who is a 40% Tax payer & has just bought a 2 bedroom flat jointly with her husband (not a client at the moment). They wish to put their … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I bought a flat in 1999 for £275000 with my wifr and another
I bought a flat in 1999 for £275000 with my wifr and another in the same building in 2001 for £75,000. I now own the whole building including the freehold. The building is on three equal floors and is… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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Hi, I am filling out my self assessment form online. I rent
Hi, I am filling out my self assessment form online. I rent a flat out and also rent a room in my own flat to a lodger. I have selected the option to clain 'rent a room tax relief' and entered my tota… read more
TaxVince
TaxVince
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Master's Degree
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I have an apartment that I rent out and also have a mortgage
I have an apartment that I rent out and also have a mortgage on. I use one of the 3 bedrooms during the day as an office. What if anything am I able to claim on? The rent I charge is circa 65% of the … read more
Sam
Sam
Accountant
Higher Officer HMRC
15,712 satisfied customers
I purchased a retirement flat for my elderly father 2 years
I purchased a retirement flat for my elderly father 2 years ago. He has been paying me £500pcm which includes the ground rent and service charges (approx £2,300 per annum, combined). Through differing… read more
Sam
Sam
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Higher Officer HMRC
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My huband an I spend half our time in a rented flat in London
My huband an I spend half our time in a rented flat in London (where our work is) and the other half in a three bedroom house we own on the coast (this is the only property that we own). As our London… read more
Expert1090
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Hi, I am renting out a house in Swansea and receiving £486
Hi, I am renting out a house in Swansea and receiving £486 pcm rental . I have a Buy to Let mortgage on this, and have sorted out the tax for this property. I am thinking of renting my own house for a… read more
Tony Tax
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Tax Consultant
High School or GED
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How much dividend i can take for financial year 2011-12 , I
How much dividend i can take for financial year 2011-12 , I have got 7500 as annual salary in my P60 form 4200 as a rent a room option for my flat and 1950 as additional rent after finishing rent a ro… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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
I have a 3 bed property which I have owned (with a mortgage)
I have a 3 bed property which I have owned (with a mortgage) for 18 months. I have always had one lodger which falls under the 'rent a room' scheme. Recently I let a second room to a lodger and now I … read more
Sam
Sam
Accountant
Higher Officer HMRC
15,712 satisfied customers
I own a flat in London (where I used to live), which at the
I own a flat in London (where I used to live), which at the moment is rented out (I need this income to pay the mortgage). I am currently working in Manchester and I am renting a flat. Can I include t… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
Hi, we are thinking of buying a property by remorgaging our
Hi, we are thinking of buying a property by remorgaging our home which has it current mortgage term up this month after 25yrs.We want to take advantage of property prices being lower at the moment and… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
I have rentd out my flat to a friend or the last 5 years and
I have rentd out my flat to a friend or the last 5 years and have not declared any of the income to HMRC, I have decided to come clean about it and am wondered what would be the best way forward. I am… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 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 own a 2-bed flat in Tunbridge Wells, England and rent the
I own a 2-bed flat in Tunbridge Wells, England and rent the spare room under the tax-free scheme. If I bought a second home in Aberdeen, Scotland would I be able to rent a spare room in this flat also… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
We own a flat, bought with a mortgage, which has been occupied
We own a flat, bought with a mortgage, which has been occupied rent free by our student son for circa 3 years. As he has now graduated and moved out, we have let the flat on a conventional basis at th… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,712 satisfied customers
if i rent my home to anyone for say one year, at 700 per calender
if i rent my home to anyone for say one year, at £700 per calender month do i have to pay any tax to for that, and how much… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,712 satisfied customers
Hello. I would appreciate some advice on CGT. My brother and
Hello. I would appreciate some advice on CGT. My brother and I purchased a property in February 2006 and sold it in December 2007 with an increase of £115,000. It was the only property that either of … read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
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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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