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Related UK Tax Questions
I have started getting rental income only from Oct 2019.
I have started getting rental income only from Oct 2019. However, I have spent work on repairing the flat from Dec 2018 to Feb 2019. When I filed my tax return in Jan 2020 for the year April 18 -April… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,693 satisfied customers
I currently own 2 flats in Scotland as follows :- 1. Main
I currently own 2 flats in Scotland as follows :-1. Main Residence. Spare room on Airbnb. Currently on the 'Room To Rent Scheme' (£7,500 tax threshold)2. Rental Property. Recently eligible to be class… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,284 satisfied customers
Interest only mortgage on main property as expense for letting
Interest only mortgage on main property as expense for letting property I have a £115,000 "interest only" mortgage (from ~2006) on main property. It was a flexible mortgage, so returned all money in ~… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,120 satisfied customers
Hi, I have just spent 25k renovating a flat which I bought
Hi, I have just spent 25k renovating a flat which I bought six months ago and my daughter will live there. I will also stay there occasionally but it will not be my primary residence. The flat was uni… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi just completing my online self assessment for my husband
Hi just completing my online self assessment for my husband and I. Apart from our main residence we also have had for several years one rented flat (UK) and a rented holiday home in France. I have bee… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
898 satisfied customers
i have a property business . buying , repairing , selling and
i have a property business . buying , repairing , selling and renting property. if i buy dilapidated property . make it habitable ,then rent it out , can i claim the costs involved in my return ?… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,693 satisfied customers
I am a trustee of a trust which has converted a flat costing
I am a trustee of a trust which has converted a flat costing around £45,000 and also has borrowed £25,000. The rent will be about £18,000. Can the rent be used to pay off the loan and offset the addit… read more
Mrs-Tax
Mrs-Tax
Tax Adviser
Bachelor's Degree
59 satisfied customers
Hi, I was advised by the police to move out of my flat which
Hi, I was advised by the police to move out of my flat which is paid for i.e. no morgage. I am renting out the flat for £340 pcm. I have had to rent a similar size flat in a different area for £425 pc… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have a situation involving a property the ground floor of
I have a situation involving a property the ground floor of which is let (on a commercial basis) to a dental practice. The upper floor is self contained flat which until January 2010 was also let on a… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,693 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)
Personal Tax Adviser
High School or GED
756 satisfied customers
Hi, A bit of an odd question. I rent rooms out in my
Hi, A bit of an odd question. I rent rooms out in my own home for a number of years. I need to double check an old tax point. re Notional Repairs Deduction ESC/B4 upto April 2001. I replaced a flat ro… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,693 satisfied customers
Hello I currently own a rental property, if I replace all
Hello I currently own a rental property, if I replace all the windows can I claim for the cost of the windows as repairs / replacement to the building?.… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,693 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
6,693 satisfied customers
i am a lanlord with 2 houses we need new windows to 1 of them
i am a lanlord with 2 houses we need new windows to 1 of them as they are rotten can we claim all the cost.… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,693 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
I had central heating put in in my London flat in 2005 at a
I had central heating put in in my London flat in 2005 at a cost of about 3,000 pounds. Over how many years can I spread the cost of this item as a deduction for tax against rental income? (For exampl… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am selling a flat i have been renting. I know how to calculate
I am selling a flat i have been renting. I know how to calculate hte 18% CGT. My question is - i can take off any costs of improving and selling the flat before my final amount i calculate. When i put… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,693 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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Sam

Sam

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

bigduckontax

bigduckontax

Accountant

1,284 satisfied customers

FCCA FCMA CGMA ACIS

TEAP007

TEAP007

Tax Preparer

759 satisfied customers

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

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Andrew Baker(baktax)

Personal Tax Adviser

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

berduchwal

berduchwal

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Qualified accountant and bookkeeper running my own practice since 2008.

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Clare

Solicitor

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25 years exeperience as a high street solcitor

Mrs-Tax

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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