HMRC Admin 13 Response

Hi aleksc123
This would not be an allowable expense as it is not wholly and exclusively related to the rental of the property.
Thank you
 

Hi Katherine Sams
Please see the guidance at PIM2072 - Deductions: main types of expense: bad and doubtful debts - HMRC internal manual.
Landlords not using the cash basis of accounting, rents and other receipts that were earned in the year even if they were not paid until the year end should still be brought into the account. The debt is made in the year the debt becomes bad or doubtful.
In this case, you would declare such income within the 2023/2024 tax return. 
Thank you
 

Hi KimM542
Please do not submit duplicate posts.
Await the answer being posted to your original question.
You are correct, as your rental business commenced in August 2024, the first Tax Return you would complete would be the 2024/2025 tax year, which has an online deadline of 31st January 2026. 
Guidance on deadlines for submission as well as for making payment can be found at: Self Assessment tax returns: Deadlines - GOV.UK.
Thank you
 

Hi bestofboth333
As per PIM2505 - Beginning and end of a rental business: commencement - HMRC internal manual, a business cannot begin until the first property is let. 
As the service charge covers the period 1st December 2023 to 5th April 2024, you would apportion the expense incurred for the time the property was being let. 
Thank you
 

Hi atom
If you are hiring someone to work for you and they are outside of the UK & are going to work outside of the UK then you need to check the country they are living in / working in and the rules that apply there.
Thank you
 

Hi Ralph
Please contact the Pay and work rights helpline and complaints for queries surrounding NLW on 0300 123 1100 - or alternatively the guidance on ACAS's web site may help When increases are paid - National Minimum Wage - Acas
Thank you

Hi SwissTony25
Please see the guidance at Voluntary National Insurance: Overview.
If you have any queries relating to this please the use the contact details at National Insurance: general enquiries.
Thank you.
 

Hi Chris Mansell
The income you have included in your current code number for 2024/2025 is an estimate of income for this year and would be reported in your 2024/2025 tax return..
The income you include in your 2023/2024 tax return is actual income received in 2023/2024
Please ensure that your tax record for Self Employment is linked to your PAYE account.
You can do this by using the options at Contact HMRC including requesting that the estimated 2024/2025 income is removed from your current tax code for this year and next.
You can also find out information, along with progress of your form/payments credited by creating accounts in:
• your personal tax account
• the official HMRC app
Thank you

 

Hi James Vassallo
You can check, the guidance, if you should complete a tax return at Check if you need to send a Self Assessment tax return.
Guidance is also available at Tax on your private pension contributions: Tax relief.
Thank you
 

Hi J 123
You will only be liable if you receive dividends from the shares or if you sell them at a gain.
Thank you