Happy, happy New Year to you.
I know, I know, I know that I am being brave mentioning the words ‘HMRC’ and ‘tax return’ on the first day back after the festive break but I am trying to be helpful ….. honest!
Landlords are required to submit tax returns to HMRC annually declaring ALL their income and all the tax they have paid on this income already eg tax deducted at source.
Tax returns for the 2017/18 tax year to 5 April 2018 needs to be submitted and, any tax arsing thereon, paid by 31 January 2019 at the latest.
To be helpful to landlords ….. as well as all other tax payers ….. HMRC are running a series of webinars aimed at helping different groups from amongst the 5.5 million individuals expected to complete a self-assessment form in the next few weeks.
One of these webinars is just for landlords and considers in detail the completing of the property section of the online tax returns.
You can see a link to register for the webinars by clicking here.
We hope you find our posts useful. If you would like some advice with your potential investment, please call us (on 01968 674601), come and see us in our offices (6 Bank Street, Penicuik) or email me (email@example.com).