yhchan
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Letting fee expenses for finding new Non-residential tenant
I have a non-residential property overseas since 2019. My previous tenant has left, and a letting agent helped me find a new tenant for a three-year lease, for which I paid a one-off letting fee. Can this letting fee be reported as a property expense? Thank you so much. -
Non-residential property mortgage interest
I have a non-residential property overseas and need to pay mortgage interest. However, Box 24.1 of SA106 is only for 'Residential property financial costs.' Should I report my mortgage interest as property expenses in Box 17? Thank you very much. -
Question about non-residential property expenses in Hong Kong
My wife and I are receiving rental income from a non-residential property in Hong Kong. We have the following expenses: 1) Management fees paid monthly to the management company. 2) Rates and government rent paid every three months to the Hong Kong government. 3) A one-off leasing commission paid to the agent for arranging a new tenant for our property. Can all of the above expenses, totaling £2396, be included in our property expenses? Also, should I report £1,198 (50% of £2396) as my share since I own 50% of the property? In addition, my wife has mortgage on this non-residential property, can her mortgage interest included in her property expenses? Thank you so much! -
Interest income from a joint account overseas
I have interest income from a joint account with my wife overseas. (e.g. £1,000) Should I report my share of the interest by splitting the total amount 50/50? ( me £500 and my wife £500 ) -
Disposed of chargeable assets worth below £50,000 and gains less than £6,000
I am going to complete my self-assessment using the HMRC online service. It states that I can report if I have 1) 'disposed of chargeable assets worth more than £50,000 and 2) chargeable gains are more than £6,000.' What if I sold multiple stocks in the 2023/24 tax year, but the total disposal value is less than £50,000, and the gain is below £6,000? Should I just don't need to report this, or do I need to use alternative software providers?