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Where Taxpayers and Advisers Meet

adding explanatory notes .. what does the hmrc do ? if hmrc rejects your claim are you then put on a naughty list ?

rfullarton
Posts:6
Joined:Tue Sep 15, 2009 11:27 pm
adding explanatory notes .. what does the hmrc do ? if hmrc rejects your claim are you then put on a naughty list ?

Postby rfullarton » Fri Dec 09, 2016 1:37 pm

hello

i am unsure about the tax treatment of interest applicable to do a rented property i own .. (separate topic in property tax section)

so my question is if i claim mortgage interest charges and mortgage fees against my rental income .. i will need to explain in the explanatory notes why i am attempting to cliam interest from another property vs my buy to let ... yes a long shot.

what concerns me is how does hmrc take that ... if they unfortunatley disagree fine but i am worried if go on some a list of scammers and they then go through past and future tax claims with a fine tooth comb ...

i am also need to relaiming redundancy payment that was taxed wrongly in this tax return ...

normally my tax return is very basic ... this one has become complicated

i beleive i ma being toitally upfornt with explantory notes re mortgage i/r deduction , but worried it opens a can or worms that is better not opened or will hmrc just reject my claim for that but not put me a baddies list !

thanks

maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: adding explanatory notes .. what does the hmrc do ? if hmrc rejects your claim are you then put on a naughty list ?

Postby maths » Fri Dec 09, 2016 7:31 pm

so my question is if i claim mortgage interest charges and mortgage fees against my rental income .. i will need to explain in the explanatory notes why i am attempting to cliam interest from another property vs my buy to let ... yes a long shot.
Don't.

Either interest is or is not deductible. Trying it on will not be viewed favourably.

Get advice before filing.


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