Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 9 years ago 9619

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Budget 2015 - Landlords Reactions

The concern is;

Budget proposals to “restrict finance cost relief to individual landlords”Summer Budget 2015 - Landlords Reactions

To calculate the impact of this policy on your personal finances download this software


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Appalled Landlord

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23:45 PM, 31st August 2016, About 8 years ago

Reply to the comment left by "Kathy Evans" at "31/08/2016 - 22:44":

Hi Kathy

Why did you write that there will be a separate self-assessment form for each property?

Seething Landlord

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23:53 PM, 31st August 2016, About 8 years ago

Reply to the comment left by "Kathy Evans" at "31/08/2016 - 22:44":

Have I missed some guidance about the proposed new tax reporting arrangements? This is the first mention I've come across of having to report on each property separately and I understood that the detail was yet to be announced. Can you point me to the source of this information please?

Whiteskifreak Surrey

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9:01 AM, 1st September 2016, About 8 years ago

Reply to the comment left by "Seething Landlord" at "31/08/2016 - 23:53":

I vaguely remember that our 'favourite George' was making noises about quarterly tax reporting. It was supposed to be a shorter form, submitted only electronically. It was not supposed to happen until -I think - 2017. But those noises died out, perhaps they realised that there is not enough HMRC staff to process that.
Maybe the others remember better- know more?
I have not heard about reporting each property separately.

Seething Landlord

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9:20 AM, 1st September 2016, About 8 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "01/09/2016 - 09:01":

There was a recent announcement about businesses with less than £10000 annual turnover being exempt from, if I remember correctly, quarterly reporting but no mention that I've seen of any detail apart from that.

Kathy Evans

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11:44 AM, 1st September 2016, About 8 years ago

Reply to the comment left by "Dr Rosalind Beck ." at "31/08/2016 - 23:13":

Well, the consultation is still ongoing until 7/11, but I think it's 2018 for all non-Ltds with turnover over 10,000. Must use dedicated software - not a spreadsheet - no free one provided by HMRC. Cash basis for accounts if you want it. Can't remember where I saw all properties separately, but it was in one of the MTD papers - I remember a comment about there being nowhere to account for things like insurance (which apply to all properties) until the year end.

Kathy Evans

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11:46 AM, 1st September 2016, About 8 years ago

Reply to the comment left by "Appalled Landlord" at "31/08/2016 - 23:45":

Not a separate form, just a separate "line". If you have more than 6 properties you are already doing it.

Whiteskifreak Surrey

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11:48 AM, 1st September 2016, About 8 years ago

This government really hates us!
Never again will I be voting Conservative.

Sean Graveney

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TheMaluka

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12:17 PM, 1st September 2016, About 8 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "01/09/2016 - 11:48":

But bad as the Tories are, are not the Socialists worse for landlords? The Monster Raving Loony party is beginning to look quite good‽

Whiteskifreak Surrey

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12:21 PM, 1st September 2016, About 8 years ago

Reply to the comment left by "David Price" at "01/09/2016 - 12:17":

Of course they are, David. I am the last one in the UK to vote Labour!

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