HMRC Admin 2

Hi,

Property income is not treated as a business, however some elements as mileage expenditure incurred wholly and exclusively in running the property is acceptable.

Any duality of purpose expenditure is not acceptable unless it can be apportioned accordingly.

Meals are not an allowable deduction.

Considering you do not work and the property is only 84 miles away, a claim to stay overnight in hotel accommodation would appear to be excessive when you only have one property to administer for maintenance purposes.

You can find further guidance in our Property Rental Toolkit here:

Property Rental Toolkit 2020

Thank you.

Hi,

This refers to costs you had to pay to do your job such as travel costs (excluding ordinary commuting), costs of using your own car and general business expenses such as phone calls.

You can find further guidance here:

Claim tax relief for your job expenses

Thank you.

Hi,

As this can be quite a complex area, it may be worth contacting us directly to speak to one of our inspectors.

However, you can find guidance here on mixed funds and how to make them clean if it is one:

RDRM35220

Cleansing mixed funds

Thank you.

Hi,

Please see the guidance below regarding allowable deductions against capital gains:

CG15150P

Thank you.
 

Hi,

If the conditions of the shares were that if they were sold within 2 years then they would be subject to income tax then you can declare this as other income.

You would only need to do a Self Assessment return if the amount was greater than £2500.

Thank you.

Hi,

1. You are making a taxable supply as you’re supplying a service in return for a consideration and should charge VAT at the relevant rate if you are VAT registered. Please refer to section 4 of VAT Notice 700 ‘VAT guide’ for more information:

VAT guide (VAT Notice 700)

2. B is responsible for their own tax affairs and will need to determine for themselves if they need to register for VAT. However, please refer to the following guidance:

VAT: online marketplace seller checks

This advises that from 15 March 2018 new legislation allows HMRC to hold you, as the operator of an online marketplace, jointly and severally liable for the unpaid VAT of overseas sellers operating on your marketplace where:

•  an overseas seller operating on your marketplace has not registered for UK VAT 
• you, as the operator of the online marketplace, knew or should have known that the seller should be registered for UK VAT

3. In general, VAT will be due on the total price paid by the customer for the supply of the goods or services they have purchased.

Both you and your business customers will need to need to determine if they’re making their supply to you or to the consumer. That will depend on the terms and conditions of the contract you have with them.

Please refer to sections 22 to 25 of VAT Notice 700 ‘VAT guide’ for further information on how agents can act and how this affects the VAT:

VAT guide (VAT Notice 700)

Thank you.

Hi,

Section 4.4 of VAT notice 700 explains what a supply of goods would mean: 

You supply goods if you pass the exclusive ownership of moveable items to another person.

You also supply goods if you:

• transfer them under an agreement such as a hire-purchase agreement - but not if you transfer such an agreement
• provide water or any form of power, heat, refrigeration or ventilation but not if you hire out equipment which does this - that is a supply of services (see Fuel and power (VAT Notice 701/19) and VAT Notice 701/16: water and sewerage services)
• supply a major interest in land, broadly speaking, the freehold, or in Scotland the dominium utile, or a lease exceeding 21 years (see Land and property (VAT Notice 742)) and Buildings and construction (VAT Notice 708))
• transfer goods permanently out of the business for your private use

You do not make a supply if you provide goods (such as overalls or tools) to employees solely for the purpose of their employment and make no charge.

It also states in the fuel notice 701/19 : For VAT purposes the supply of heat, power, refrigeration or ventilation is a supply of goods (VATA 1994 Schedule 4 paragraph 3).  As such the rules surrounding time and place of supply are those associated with goods rather than for services.

Thank you.
 

Hi,

At this time we do not have any further information regarding any other rulings being made on this.

A case by case review can be made but this must be done in writing and we are unable to post individual advice specific to a persons own tax on this forum.

Please contact us by telephone or post for more individual advice.

Any changes to rulings if they occur will be made available on GOV.UK in due course.

Thank you.

Hi,

The depreciation allowance to which you refer was known as the wear and tear allowance which was abolished in the 2015/2016 tax year.

This was replaced with a claimable expense for the replacement of domestic items starting in the 2016/2017 tax year which allows you to claim for the replacement of moveable domestic items such as furniture.

Please note this does not allow for the initial purchase of any items supplied in a rental property, only the replacement of items already within the property.

You can find further guidance here:
 
PIM3200

Thank you.

Hi,

Sorry, we don't deal with legal aspects of property ownership on this forum and suggest you contact a solicitor for advice.

Thank you.