Declaring tax on my rental property

[TheWanderer]

Have been letting my flat out for about 9 or 10 months officially through an agent, i was under the impression that as i had made a loss after paying fees, and putting new boiler etc in that i didnt need to declare anything, but i now believe i should have been, so that my losses can be carried forward and offset any profit i make. Is it too late to do this now? When it comes to forms etc i'm fucking hopeless.

[girojim]

you should fill in a tax return

[Icarebecauseyoudo]

Originally Posted by TheWanderer

Have been letting my flat out for about 9 or 10 months officially through an agent, i was under the impression that as i had made a loss after paying fees, and putting new boiler etc in that i didnt need to declare anything, but i now believe i should have been, so that my losses can be carried forward and offset any profit i make. Is it too late to do this now? When it comes to forms etc i'm fucking hopeless.

It's not too late. When was it rented?

You can just declare the accounting period to include your bills

[TheWanderer]

Originally Posted by Icarebecauseyoudo

It's not too late. When was it rented?

Think i best give them a bell!

[Dr Michael Hfuhruhur]

Should be a spare cell in an open prison somewhere.....

[Icarebecauseyoudo]

Originally Posted by TheWanderer

Think i best give them a bell!

The property section on a tax return is a piece of piss tbh

Just fill one in for September deadline, declaring all your profit and loss so far, up to 5/4/2011

Doesn't matter too much about the dates, as they haven't been accounted for before

[girojim]

Reporting Tax EvasionHM Revenue & Customs is committed to targeting tax evasion. We know some people don’t pay their fair share of tax and that some businesses get undercut by others not paying tax.

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[TheWanderer]

Originally Posted by Icarebecauseyoudo

The property section on a tax return is a piece of piss tbh

I'm a fucking nightmare with any type of forms!!!

[Icarebecauseyoudo]

Originally Posted by TheWanderer

I'm a fucking nightmare with any type of forms!!!

You're capable of adding up though?

Add up takings, add up bills (including any mortgage on it)

It really isn't too much more complicated than that. You'll have to do it when you have profits anyway... so doing it when you have a loss is far more useful to you!

Originally Posted by Icarebecauseyoudo

Just fill one in for September deadline, declaring all your profit and loss so far, up to 5/4/2011

Doesn't matter too much about the dates, as they haven't been accounted for before

to reiterate...

[Dr Michael Hfuhruhur]

Originally Posted by girojim

...
Welsh speaking clients
Tel 0845 3021489

...

I gave them a ring to grass this klunt up but I didn't understand a word, I think they were all bevvied up?