What do I need to disclose when reporting my rental income?
There are a variety of expenses that can be deducted when calculating your net rental profit. Anthony takes a look at these in his blog on Reporting Rental Income!
What impact will Mortgage Interest Relief have on my rental income?
From the 2020/21 tax year onwards, no deduction will be allowed for mortgage interest in calculating the rental profits.
Covid 19 – Child Benefit
You can call HM Revenue & Customs on 0300 200 3100 to re-instate your claim for Child Benefit. You will need your National Insurance Number or Child Benefit number.
The High Income Child Benefit Charge
The High Income Child Benefit Charge (HICBC) first came into effect in January 2013. It is a tax charge that applies to anyone with an income over £50,000 if they or their partner claims Child Benefit.
Changes to Capital Gains Tax Calculations and Reporting Requirements
From 6 April 2020 the capital gains tax regime on the sale of residential property will be changing. In this blog., Anthony looks at these changes to Capital Gains Tax Calculations and Reporting Requirements.