Tag: Dora Ngoma
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The Bill Isn’t in My Name — Can I Still Claim It Against Rental Income?
Can you claim a rental-property expense if the invoice is in your spouse’s name or only shows the property address? Here’s what UK landlords need to know.
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We Own a Rental Property Together — Who Pays Tax on the Rental Income?
If you own a rental property with somebody else, who declares the rent? We explain joint ownership, the 50:50 rule and when Form 17 may be relevant.
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Do Landlords Have to Declare Rent Paid in Cash?
If your tenant pays rent in cash, does it still need to be declared? We explain how cash rent should be recorded and what to consider if previous years were not reported.
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Can Landlords Claim Insurance and Service Charges Against Rental Income?
Can landlords claim insurance, service charges and ground rent against rental income? We explain which costs can be allowable and why what you’re actually paying for matters.
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Can Landlords Claim Accountancy and Legal Fees Against Rental Income?
Landlords can claim some accountancy and legal fees against rental income, but not every professional fee is tax deductible. We explain why what you paid the professional to do matters.
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Can Landlords Claim Mileage and Travel Expenses?
Can landlords claim mileage for trips to a rental property? What about petrol receipts as well? We explain when landlord travel expenses can qualify, how mileage works and why the purpose of the journey matters.
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My Rent Only Covered the Mortgage — Did I Still Need to Tell HMRC?
If your rental income simply covered the mortgage, you might assume there was no profit and nothing to report. But mortgage payments and taxable rental profit are not calculated in the same way.
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Not an Expense: Common Things Self-Employed People Try to Claim (That HMRC Will Reject)
Think you can claim McDonald’s, pet food, or your weekly shop as a business expense? HMRC says otherwise. Here’s what self-employed people get wrong — and what you really can’t claim.
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Top Ways to Legally Pay Less on Your Self-Assessment Tax Bill
No one wants to pay more tax than they have to. These 8 tips will help you reduce your Self-Assessment tax bill legally — and keep more of your hard-earned cash.