burger22a Edgar
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RE: Residential property finance costs
Oh, In a difficult year where making £5.1K earnings from the property and outlaying £11.3K (5.8 maint etc. and 5.5 mortgage interest) I assume that I cannot use this deficit against my other incomes and tax liability? Seems a bit unfair that if I make a profit and income from the property rent (excluding mortgage interest) it is aligned with my other income, but if i experience a loss there is no reciprocal action. -
Residential property finance costs
I am compiling my self assessment online and the mortgage interest value in box 44 is not reflecting on the calculation summary before submitting. I have retraced my entries a number of times but the calculation will not show it. Any reason why this doesn't show? It had done on my previous years summaries. -
RE: Removing asbestos from property
I should add that the property has ben rented for a period of time. -
Removing asbestos from property
I an selling a property which had asbestos in the roofing material, it was replaced with modern and safe materials. Is this an allowable expense against CGT as it is a particular improvement to the property and not just maintenance? -
CGT relief when renting primary residence due to work (Armed Forces)
I purchased a house in North Scotland in 1999 which I lived in until 2001 when I was relocated to Devon for work purposes in the RAF. The property was then rented out with the intention of moving back there. I was accommodated in work supplied accommodation (Married Quarters - I paid rental prices) until 2008. I was unable to move back into the property as work moved me to Lincolnshire, where I purchased my new main residence. I continued to rent out the property in Scotland until 2024, which is now on the market for sale. What relief can I claim for the period of time I was in work supplied accommodation, 7 years as a percentage of CGT increase over the 25 years of ownership? -
RAF shortage of NI for full state pension
I have checked my online state pension calculation on the Gateway page, it does state that I have a forecast to receive the full state pension with the contributions made so far. However, I am led to believe that during my 23 years service in the RAF (1989 - 2012) I may have been "opted out" for one reason or another and that my NI contributions were not enough to obtain a full state pension in 2039. How can I get an accurate confirmation of my actual status and if there is a shortfall, what can I do about it? Many thanks