This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Is there a way to list my Income?

ohdearme
Posts:16
Joined:Mon May 15, 2017 12:36 pm
Is there a way to list my Income?

Postby ohdearme » Tue May 16, 2017 4:51 pm

Hello, I have just joined.

I have building society accounts, an income bond, a property that I let, an ISA and some shares and do not know how to effectively list them to be able to calculate my tax.

My problem is do I list them gross, net of tax or both? Please help.

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Is there a way to list my Income?

Postby pawncob » Wed May 17, 2017 10:47 am

ISAs are exempt.
From April 2016, all interest is paid GROSS.
Property income is shown NET of expenses.
With a pinch of salt take what I say, but don't exceed your RDA

ohdearme
Posts:16
Joined:Mon May 15, 2017 12:36 pm

Re: Is there a way to list my Income?

Postby ohdearme » Mon Nov 11, 2019 5:54 pm

Sorry for the delay, many thanks


Return to “Income Tax”