HMRC Admin 21 Response

Hi SallyB,
I agree that you have to declare the rental income and Use of trading income rules: splitting receipts and expenses between years - PIM1101 confirms this.  
The only other thing I can find in the Property Income Manual is Deductions: main types of expense: bad and doubtful debts-PIM2072 about bad debts and them becoming irrecoverable.  
However that guidance does state this may only be allowable after you have taken all reasonable steps to recover the debt.  I would say in this case you must pursue criminal proceedings against the estate agent to recover the money and it would only be after you have exhausted those avenues and can provide evidence of the action he you have taken that we may consider allowing relief for a bad debt if you have not been able to recover the money. So ultimately you have to include this rental income initially.
Thank you.

Hi Lemony,
It could be that you have overpaid tax on your employment income that has neutralised the tax owing on your income from property.  Please phone our self-assessment helpline 48 hours after you have submitted your return to double check this.
Their phone number is 0300 200 3310. 
Thank you.

Hi Ngok Man Chan,
Thank you for your question for more information regarding inheritance tax please see our pages at the link below How Inheritance Tax works: thresholds, rules and allowances.
Thank you.

 

Hi GoldApple97,
Thank you for your follow up query. Assuming this qualifies as a deduction as a business expense, this would need to be purchased using your business bank account.
Thank you.

Hi notoriety,
The grant of probate submitted to the courts, declares the value of the assets on the death of the individual and when agreed by the courts, is the value used for Inheritance tax and Capital Gains tax purposes.
Thank you.

Hi Olive,
You would need to contact the number on the form for clarificatoin on this.
Thank you.

Hi Merlin2465 George,
Yes but it will still be part of his estate for Inheritance tax as he is still living in it.
Thank you.

Hi Jamie,
It can take up to 5 working days for the payment to be processed. If you check your online account after 5 working days and if the payment is not shown then you can contact HMRC to trace and allocate the payment Self Assessment: general enquiries.
Thank you.

Hi Ashik,
We will need to access your record to review this for you. You can contact HMRC Self Assessment: general enquiries.
Thank you.