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Where Taxpayers and Advisers Meet

Search found 4 matches

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by jaydee
Thu May 02, 2019 8:35 pm
Forum: Tax Investigations and Enquiries
Topic: Not paid tax or filed tax return in 20 years. Help!
Replies: 12
Views: 403

Re: Not paid tax or filed tax return in 20 years. Help!

Thank you for your replies. Can I ask what is the let property campaign? Is it some kind of amnesty for undeclared rental income? And yes I need professional help but where do I search for someone expert in cases like mine who can help negotiate any fines .I feel this is not something for the local ...
by jaydee
Thu May 02, 2019 11:45 am
Forum: Tax Investigations and Enquiries
Topic: Not paid tax or filed tax return in 20 years. Help!
Replies: 12
Views: 403

Not paid tax or filed tax return in 20 years. Help!

Hi. Looking for advice on how to start filling tax returns. Last had job and paid tax in 1998. Went overseas. Returned to England 2005. Not worked since. But bought rental property in 2006. Rent profit was less than tax allowance so didn't think I needed to fill in tax return. Since 2017 I think ren...
by jaydee
Wed Aug 15, 2007 5:21 am
Forum: Property Taxation
Topic: Can I deduct residential mortgage interest from rental income?
Replies: 5
Views: 745

Thank you both vey much. I just needed to check because someone told me that if the original purpose of the mortgage was not for letting then the interest would not be allowed by the IR.

Jill
by jaydee
Wed Aug 15, 2007 3:54 am
Forum: Property Taxation
Topic: Can I deduct residential mortgage interest from rental income?
Replies: 5
Views: 745

I plan to rent out my house when I move in with a friend. I have a repayment residential mortgage. Is the residential mortgage interest deductible against the rental income? Or do I have to switch to a buy to let mortgage to qualify for deduction against rental income?

Thanks, Jill

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