HMRC Admin 2

Hi,

Sorry, we can only answer questions appropriate to HMRC on this forum.

Thank you.

Hi,

Sorry, we delete inactive threads over 12 months old to help keep content up to date.

You can create a new thread with the same question and we will provide an answer.

You will need to unsubscribe from the deleted thread and subscribe to the new thread.

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Hi,

Please contact the Stamp Duty Land Tax team for advice.

Stamp Duty Land Tax

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Hi,

Sorry, we are unable to comment on hypothetical scenarios.

You can find guidance on cash basis here:

Cash basis

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Hi,

You will need to write to HMRC to make a change to a tax return from 2019 to 2020.

Self Assessment tax returns

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Hi,

You need to contact the Income Tax team to discuss your Simple Assessment tax bill.

Income Tax: general enquiries

You can find guidance here:

Check your Simple Assessment tax bill

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Hi,

Accrued interest is the total of interest paid to you in the tax year and interest yet to be paid.  

You would only declare the interest paid to you during the tax year.  

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Hi,

Each individual owner can indeed claim whatever is most beneficial for themselves. Either the £1000 property income allowance or expenses. They cannot claim both.

If owner 3's 50% of the property expenses exceed £1000, then this would be more beneficial than claiming the property income allowance.

In other words each owner just treats their own circumstances separately.

You can find guidance here:

PIM4400 - Property allowance: contents

Thank you.

Hi,

As the time limit to amend your 2020/21 Self Assessment has expired, a claim can be made under the overpayment relief provisions set out in Schedule 1AB TMA 1970.

SACM12150 - Overpayment relief: Form of claims   

You cannot make a claim on your 2021/22 self assessment for finance costs incurred in the previous year.

Thank you.

 

Hi,

Property jointly owned by married couples will usually be taxed in equal shares. Each party should be reporting their share of the rental income and the related expediture, usually via the submission of a Self Assessment tax return.

If you wish to change the 50:50 split of the income for jointly held property, you should use form 17.

Declare beneficial interests in joint property and income

Thank you.