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Where Taxpayers and Advisers Meet

Class 2 NIC Property income

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marcher
Posts:5
Joined:Wed Aug 06, 2008 4:03 pm

Postby marcher » Thu Jun 12, 2008 4:00 am

My client has registered as self employed as he is in receipt of rental income from property. He is now being asked to pay Class 2 NIC. I understood thhat Class 2 NIC was not payable on property income.
Advice please???
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taxattack
Posts:309
Joined:Wed Aug 06, 2008 3:44 pm

Postby taxattack » Thu Jun 12, 2008 6:44 am

Correct, class 2 is not payable on property income - but there is no need to register self-employed, which is probably why NICs are being requested.

chris @ taxattack.co.uk
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King_Maker
Posts:6538
Joined:Wed Aug 06, 2008 3:22 pm

Postby King_Maker » Fri Jun 13, 2008 5:21 am

I agree with taxattack - no need to register for self-employed and no Class 2 nor Class 4 liability.

This assumes a "passive" landlord with no added services etc.
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