HMRC Admin 21 Response

Hi Greg,
Thank you for your question. If you claim the £1000 property income alownace you cannot also claim expenses against all other property income, ie unused residential property finance costs. Further guidance is held on this topic in your HMRC You Tube channel. 
Thank you.

Hi Mr Ottaviano,
Thank you for your question. Your enquiry has details beyond the remit of this forum involving LLP so I am not in a psition to advise. I would strongly recommend you contact HMRC to speak to a tax inspector or prepare your enquiry by letter as it will require some time and research to respond to. 
Thank you.

Hi tablesandchairs,
Thank you for your question. We can approve the expenses incurred in pre-letting your property under the HMRC guidance PiM2505 but please check that you meet the considered criteria to do so. 
Thank you.

Hi sawk,
I refer you to line 702. Form 17 is when joint property is rented between husband & wife or Civil partners.
Thank you.

Hi parallelcottages,
The re-mortgage would not be allowable against any future expenses.
Thank you.

 

Hi CW1945,
You would need to contact us direct for this information on 0300 200 3310.
Thank you.

Hi Martyn,
No this doesnt need to be reported.
Thank you.

Hi atakinuz,
This depends on your tax residence status. If UK resident and domicile, you are liable on your worldwide income. Please refer to guidance at Tax on foreign income.
Thank you.

Hi caitlinmcdermott,
As the turnover is over £1000, yes you need to decare this on a tax return.
Thank you.

Hi Artimida1111
If you don't include the correct forms with the return you are therefore giving a false declaration as you know the return in incorrect. you need to include the SA109 residence section at time of filing. If filed after the due date, you can write in to appeal any penalties/sucharges but there is no guarantee that they will be accepted.
Thank you.