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1. When using traditional accounting, we are allowed to pro-rata the expense by days right ?
2. For example, for Mortgage Broker Fee, as our mortgage is last for 2 years, therefore, can we divide it by 365 day x 2 years?
Box 44 Loan Interest and other financial cost
Mortgage Broker Fee GBP 120
Starting Date 10 Dec 2020
Tax Return 05 Apr 2021
Therefore 116 Days (From 10 Dec 20 to 04 Apr 21)
Calculated as: 120 x 115/(365x2) = GBP 10 (Rounded)
3. If the expense paid on Sep 2021 , however, it is the service charge of 10 Dec 2020 to 10 Mar 2021, i should include it in 20/21 tax return or it should included in 21/22 tax return ?
4. If the expense paid on Sep 2021, but the the service charge is charging 10 Dec 2020 to 9 Dec 2021 (date cover different from Q3), Should I include it in 20/21 tax return or include it in 21/22 tax return?
thank you very much for your reply.
According to the https://www.gov.uk/apply-national-insurance-number, I pretty sure i don't have a National Insurance number.
if I don't have the national insurance number, is there any downloadable version of Form 17?
And is it possible i leave the National insurance number blank in the application?
or any other suggestion ? thank you very much for your help.
FYI split the share of the income differently. Wife 90% with national insurance number, husband 10% without national insurance number.
I am a non-residential Landlord, and we have income from property let jointly. however, the tax shares are 90% for my wife and 10% for me. which seems need to fill in form 17, "Declaration of beneficial interests in joint property and income". however, as we are non-residential landlord, we have no national insurance number. we are not able to process (will error - due to not fill in national insurance number)to fill in the form. could you please advice? or actually we don't have to fill in form 17 ? Thank you very much for your help.
Thank you so much for your reply. Have a nice day.
I need to send international Post to Hand in my paper base tax return ( Property income in UK), the cost (postage fee) incurred related to this is it tax allowable? (somehow can say related to my property income right. ^,^)
thanks, have a nice day