Tag: HMRC
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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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Undeclared Rental Income: What Actually Goes Into an HMRC Disclosure?
Making an undeclared rental income disclosure involves more than calculating the tax. From establishing the property history and reviewing expenses to interest, penalties and supporting evidence, here’s what actually goes into preparing a disclosure to HMRC.
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Undeclared Rental Income: What If I Can’t Find My Records?
Missing bank statements, letting agent records or old receipts can make dealing with undeclared rental income feel difficult. But missing paperwork doesn’t necessarily mean you can’t move forward. Here’s where to start.
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I Know I Need to Deal With It… So Why Haven’t I?
Many landlords don’t delay because they don’t care. They delay because the situation feels overwhelming. In this article, Dora shares a real conversation that shows why the hardest part is often taking the very first step.