Mike Tong

Thank you so much!

Dear HMRC, Hope you are doing well. The website (https://www.gov.uk/renting-out-a-property/paying-tax) states that landlords can pay voluntary Class 2 National Insurance contributions if any of the following apply: - Being a landlord is your main job - You rent out more than one property - You’re buying new properties to rent out I have had my UTR number for the online self-assessment for the past few years. Could you please advise me on how to register for the aforementioned Class 2 NI contributions? Thank you so much! Kind Regards, Mike

Dear HMRC, If there were recorded losses from the disposal of foreign shares and securities in the past two years, can I use these capital losses to offset my rental and interest income in box 39 of SA105 (Loss brought forward used against this year's profit) in the upcoming self-assessment? Thank you so much! Kind Regards, Mike

Dear HMRC, If there were recorded losses from the disposal of foreign shares and securities in the past two years, can I use such capital losses to offset my income in box 39 of SA105 (Loss brought forward used against this year's profit)? If this is the case, I wonder if there is a ceiling limit for this box. By the way, how many years can we carry forward such capital losses? Thank you so much! Kind Regards, Mike

Hi there, Hope you are doing well. I've just file the tax return and found that I missed to state the amount in box 47 mentioning the losses available to be carried forward. Would it be possible to advise if it is necessary to input this field? If this is the case, should I add up the amount of the available losses of this year together with previous years in box 47? Thanks for your help! Kind Regards, Mike