Magda1989
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RE: 23/24 and HICBC changes
Hello, I am writing to seek clarification regarding Child Benefit and the High Income Child Benefit Charge (HICBC) in a specific situation. A friend of mine has two children who live with her. The father of the children is currently receiving Child Benefit for them and is contributing those payments to assist my friend with the children’s needs. In the 2023/24 tax year, my friend’s income was above £55,000. She is divorced from her ex-husband for few years now. Given this context, I would like to know: Is my friend liable to pay the HICBC in this situation? The income of the ex-husband is unknown but is likely low; would that impact my friend’s liability for the charge? Thank you -
RE: Tax on rental income
Hello, If someone rents out a room in their UK home and claims the Rent a Room Allowance on their tax return, while also owning a property abroad which they rent out and declare as foreign income, can they claim the Rent a Room Allowance for the UK rental income and the Property Allowance for rental income from abroad as well? Thank you -
RE: Tax on rental income
Hello HMRC team, I have a question regarding rental income and property income allowance. In a previous tax return, income from property rental was reported, and deposit protection was claimed as an expense. This year, the deposit was refunded, but there was no income or expenses from property rental. It is understood that the refund of the deposit should be considered income. If this is correct, can the property income allowance be used in this situation? Thank you for your assistance!