M Ilyas
Joined: 10/21/2024
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RE: Box 44 - Residential Property Finance Costs
Hi HMRC, 1. If it is joint property (50/50) , do we just half the total mortgage interest and product fee for each person? 2. If spouse has full rental income from Joint Property in result of Form 17. I am assuming that spouse can claim full interest paid as an expense because that he/she is declaring 100% rental money? Thanks for clarifications. -
RE: Foreign Sole trader
Dear HMRC, Similar situation please, profit around 2000 GBP as a sole trader outside UK. Declared in annual return overseas but no tax paid. My questions: 1. Will this go in UK tax year 24-25 if profit declared after April 2024? 2. As no tax paid on this profit, does it require foreign pages? Thanks for your support.