HMRC Admin 17 Response
Joined: 1/20/2021
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RE: taxation of rental property for unmarried partners
Hi ,
Thank you for your question.
Where there is no partnership, the share of any profit or loss arising from jointly owned property will normally be the same
as the share owned in the property being let.
But joint owners can agree a different division of profits and losses and so occasionally the share of the profits or losses will
be different from the share in the property.
The share for tax purposes must be the same as the share actually agreed.
Further guidance can be found at :
PIM1030 - Introduction: jointly owned property & partnerships .
Thank you . -
RE : Do you have to split rental income from a property owned under joint tenancy
Hi ,
Thank you for your question.
The share of the rental income has to be split per the percentage of the holding of the property.
As his mother does not have a beneficial interest in the property she cannot be responsible for a share of the rental income.
Thank you . -
RE: Property Income Distributions (PIDs) from REITs
Hi ,
Thank you for your question.
As your income is from REITs and not directly from property income the income should be declared at box 17 on page 3 of the SA100
and not on the supplementary income from property page.
The tax deducted from this income can be entered at box 19.
Thank you . -
RE : Replacement boiler and rental property maintenance
Hi ,
Thank you for your question.
You are correct to put these costs under repairs and maintenance.
The warning message is just to advise you to check you have put in the correct amount.
If the amount is correct you can close this message and move on to complete the rest of your return.
Thank you . -
RE : Name & Address on refund application step 2
Hi ,
Unfortunately we can only answer general enquiries on the forum and would need access to your tax records to advise you further.
If you contact the helpline we can review the outcome of your letter.
See : Contact HMRC .
Thank you . -
RE : Salary Sacrifice Car
Hi,
The BIK figures showing on your tax account would be the total amout rather than monthly figures.
We would need to check your tax records to review the amounts coded and if correct.
Please contact the helpline.
See :
Income Tax: general enquiries .
Thank you .
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RE : Allocating costs in a tax year
Hi ,
Thank you for your query, unfortunately we are unable to advise on this.
You will need to acquire the services of a Tax professional to provide you with Tax Advice .
Thank you . -
RE: Striking off a dormant company
Hi ,
Thank you for your query.
When striking off the company, the information you give to Companies House will automatically update onto Corporation Tax records,
we will review the information when you apply.
If the company is dormant for Corporation Tax, and you have told us, you are not required to file any company tax returns.
You can call the Corporation Tax helpline on 0300 200 3410 to confirm the dormancy.
Thank you . -
RE : Director working from home - claim proportion of mortgage interest?
Hi ,
Thank you for your query.
Mortgage interest is a cost of borrowing money and not a cost of providing business accommodation.
The case of Baird v Williams (71TC390) confirms that it is not a deductible expense.
Further information can be found in
EIM32820 - Other expenses: home: household expenses: expenses that are not deductible
and BIM47820 - Specific deductions: use of home: specific expenses ,
the guidance applies only to income tax and therefore personal tax expenses.
If you require further advice on this matter, please seek professional help through a financial advisor or accountant .
Thank you . -
RE : CT600E Boxes E140, E145, E160 and E165
Hi ,
Thank you for your query.
For support completing the CT600E you can contact HMRC Charities :
Charities and Community Amateur Sports Clubs
or calling 0300 123 1073 .
If you require further advice on this matter, please seek professional help through a financial advisor or accountant .
Thank you .