Brunokid Brown
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RE: Do we need to Fill two tax returns for both Spouse if its a joing property
What about if, although the property is owned 50/50, the husband did all the work/ running of the property? Could it be an uneven split? Say 70/30? -
Jointly owned property but 70/30% profit?
My other half and I have jointly owned buy-to-let properties for many years. We have always claimed 50/50% profit when filling in out tax returns. This year I have forecast that the dear wife will be pushed into the higher tax band, where as I still have a bit of room yet. Could we claim 70/30% as I do all the work after all? Thanks
Name removed admin . -
GCT - At what stage in my tax calculation?
This is a question relating to the layering of my tax calculation. If I understand this correctly my tax calculation for the year is worked out in this order: Employment Pension Self-employment Property (We have several buy-to-lets) Interest from savings Dividends from shares We are selling one of our buy-to-lets this year and will be liable for CGT Is this calculated after the above or does it fall before before interest from savings and dividends from shares? The reason I ask is because before CGT my projected profit/earnings will fall just below the higher rate tax band Thanks Bruno