HMRC Admin 33
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RE: Repayment Mortgage Loan interest from overseas ban
Hi,
You can deduct expenses from your rental income when you work out your taxable rental profit as long as they are wholly and exclusively for the purposes of renting out the property.
You can also claim expenses for the interest on a mortgage to buy a non-residential let property.
Other types of expenses you can deduct if you pay for them yourself are:
general maintenance and repairs to the property
water rates, council tax, gas and electricity
insurance, such as landlords’ policies for buildings, contents and public liability
costs of services, including the wages of gardeners and cleaners
letting agent fees and management fees
legal fees for lets of a year or less, or for renewing a lease for less than 50 years
accountant’s fees
rents (if you’re sub-letting), ground rents and service charges
direct costs such as phone calls, stationery and advertising for new tenants
vehicle running costs (only the proportion used for your rental business) including mileage rate deductions for business motoring costs
Please see the link below for guidance
Work out your rental income when you let property
Thank you -
RE: Tax on a UK Government Pension (if you live abroad)
Hi,
Please see the link below.
Tax on foreign income: UK residence and tax
Depending on which country you spend the most time in you may be required to pay the tax either in Greece and/or UK
Thank you. -
RE: Name backwards on NI.
Hi,
Our phone line opening hours are:
Monday to Friday: 8am to 6pm
Thank you. -
RE: Working for a non-UK based company as a contractor
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RE: Agricultural land
Hi,
Please see the link below
Capital Gains Tax: what you pay it on, rates and allowances: Overview
Thank you. -
RE: US stock options trading -- CGT vs income tax
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries
Alternatively you may want to seek professional advice.
Thank you. -
RE: Foreign interest on fixed deposit
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RE: annual bonus tax implications
Hi,
Unfortunately, it is not possible to check individual tax records through this forum, if you have a question which relates to your personal tax situation or tax code please contact our helpline:
Income Tax: general enquiries
On this page you will also see a link to
Personal tax account: sign in or set up - GOV.UK (www.gov.uk)
which may be the quickest way to review information relating to pay and tax history, tax codes and how to change them.
Thank you -
RE: New company
Hi,
This forum is for general queries only and is intended to help you self-serve. We are unable to provide specific advice tailored to individual circumstances.
You may wish to contact our team for advice
Self Assessment: general enquiries - GOV.UK (www.gov.uk)
Alternatively you may want to seek professional advice.
Thank you.
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RE: Gift of 100k from mum
Hi,
No, you do not need to report it to HMRC.
Thank you