Hi Everyone
Hoping someone could help.
So I started my property business in 2006, after leaving work.
I have built up a portfolio of 11 properties, last one added in 2013.
I managed the properties myself and continued to seek adding to my protfolio throughout those years.
I left to go abroad part way through 2013.
I have paid no NICs in all this time.
I now would like to pay nics for the years 2006 to 2013.
I sent in my application to pay NIC whilst abroad form.
I have received a rely saying I can pay as follows: the time I was abroad would be subject to class 2 but the time I was in the UK, should be class 3.
I thought using the HMRC definition/rules I should have been paying class 2.
I also would have been due to pay class 4 in the years 13/14 and 16/17.
1)Can anyone advise if I should be paying class 2?
2) My other concern is, if I am liable to class 2, should I have paid these in the years they fell due, and will I be penalised for this?
Thanks for any advice.
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