Michael Peters
-
Mortgage broker fee deducted on property income?
Hi, I am a sole trader and also have a small amount of property income, I am aware that the mortgage interest qualifies as a credit against tax, however, I have recently purchased another property to let out and was unsure if the mortgage broker fee can also be added as a qualifying cost? The broker has added £999 to the mortgage balance as their fee. Many thanks in advance -
Changing from quarterly to monthly CIS payments
As a contractor we have always filed monthly CIS returns and paid monthly payments as required via direct debit. Suddenly in this new financial year it appears that we are being asked to pay quarterly? We have never chosen this and prefer to pay monthly, but I am unable to find anywhere to change this back? I have rang the CIS helpline who told me to ring the employer helpline who just give an automated message to check payments in my online account and then disconnect, I am going around in circles. Please can you advise how to change this back to monthly payments? I understand we can still pay manually each month, but prefer to have the direct debit set up so we know it's not forgotten. Many thanks in advance