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Where Taxpayers and Advisers Meet

where about to declare wages paid to daughter helping with running BTL

maysani
Posts:25
Joined:Tue Nov 29, 2011 6:35 pm
where about to declare wages paid to daughter helping with running BTL

Postby maysani » Thu Jul 25, 2024 9:41 pm

my 14 years daughter helping me with running my Buy to Let portfolio and i am paying her wages (£100 a week).
Where about i my tax return i need to declare this? in the repair, management or other expenses section?

darthblingbling
Posts:730
Joined:Wed Aug 02, 2017 9:09 pm

Re: where about to declare wages paid to daughter helping with running BTL

Postby darthblingbling » Fri Jul 26, 2024 7:31 am

It was already pointed out in another post that this was likely a sham arrangement and not deductable. What has changed?

darthblingbling
Posts:730
Joined:Wed Aug 02, 2017 9:09 pm

Re: where about to declare wages paid to daughter helping with running BTL

Postby darthblingbling » Fri Jul 26, 2024 8:03 am

That being said, if it is reasonable and justified in that the amount of hours she is actually working and the work done does justify the wage then box 28 'cost of services, including wages'.

Just make you have records of hours worked and duties in case of HMRC review.

maysani
Posts:25
Joined:Tue Nov 29, 2011 6:35 pm

Re: where about to declare wages paid to daughter helping with running BTL

Postby maysani » Fri Jul 26, 2024 10:43 am

That being said, if it is reasonable and justified in that the amount of hours she is actually working and the work done does justify the wage then box 28 'cost of services, including wages'.

Just make you have records of hours worked and duties in case of HMRC review.
many thanks for the advise


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