HM Revenue & custom - how much uk rental income .. |
Post Reply
|
| Author | |
marco_c
Member
Joined: 11 June 2010 Online Status: Offline Posts: 3 |
Quote Reply
Topic: HM Revenue & custom - how much uk rental income ..Posted: 11 June 2010 at 8:02pm |
|
hello everybody! should i write 0 being the first year or should i fill it with the rent collected in may and june of 2010 thanks a lot |
|
![]() |
|
Richlist
The 2,000 Posts Club
Joined: 01 January 2007 Location: UK/Spain/France Online Status: Offline Posts: 3320 |
Quote Reply
Posted: 11 June 2010 at 10:32pm |
|
What form is it ?
There are many different types.
|
|
|
Comments assume you're in England/Wales, pay under £2083 monthly rent and that your last AST was dated after 6/4/2007. Probably the best landlord in the world - well if its good enough for Carlsberg.
|
|
![]() |
|
marco_c
Member
Joined: 11 June 2010 Online Status: Offline Posts: 3 |
Quote Reply
Posted: 11 June 2010 at 10:47pm |
|
thanks for replying me so quickly i really appreciate the letting agency asked me to fill this form hmrc.gov.uk/cnr/nrl1.pdf to send it to the custom revenue being a no british resident and the custom revenue needs the point 19 filled unfortunately in the notes i can't see any informations about it The form is a declaration of rental income for landlords who rent out property in the UK but normally live out of the UK. the tax return would refer to year ending 5th April 2010 for gross and net income up to that date, not beyond. so basically i should write 0 pounds because i haven't got any rent since may 2010 am i right? many thanks |
|
![]() |
|
Richlist
The 2,000 Posts Club
Joined: 01 January 2007 Location: UK/Spain/France Online Status: Offline Posts: 3320 |
Quote Reply
Posted: 12 June 2010 at 8:26am |
|
I'm not familiar with that form but in your shoes I would enter the ACTUAL amount of rent you received for the tax year ending 5th April 2010......gross & net. If that is 0 and there is a box that allows additional information add a note to the effect that you are receiving rents for the current tax year and you expect to receive £X gross & £X net.
If this is still to difficult for you ask your agent to help or you will need to see an accountant.
|
|
|
Comments assume you're in England/Wales, pay under £2083 monthly rent and that your last AST was dated after 6/4/2007. Probably the best landlord in the world - well if its good enough for Carlsberg.
|
|
![]() |
|
marco_c
Member
Joined: 11 June 2010 Online Status: Offline Posts: 3 |
Quote Reply
Posted: 30 July 2010 at 7:48pm |
|
Hello everybody! Thanks a lot for your replies About the property I bought in uk the last December, the letting agency is managing it The rental income has started from the 27/04/2010 I filled the form to get the NRL1 and the P85 being a no-resident landlord Now I received a self assessment – notice to complete a tax return for year ended 5 April 2010 Basically till the 5 April 2010 I didn’t receive anything Do you think I need to fill it even if I filled the others? Thanks a lot marco |
|
![]() |
|
Richlist
The 2,000 Posts Club
Joined: 01 January 2007 Location: UK/Spain/France Online Status: Offline Posts: 3320 |
Quote Reply
Posted: 30 July 2010 at 8:00pm |
|
Marco,
I think the best thing is for you to get an accountant to deal with it for you.
|
|
|
Comments assume you're in England/Wales, pay under £2083 monthly rent and that your last AST was dated after 6/4/2007. Probably the best landlord in the world - well if its good enough for Carlsberg.
|
|
![]() |
|
fseoer2010
Member
Joined: 18 August 2010 Location: USA Online Status: Offline Posts: 4 |
Quote Reply
Posted: 19 August 2010 at 10:41am |
|
In fact, I'm not familiar with that form but in your shoes I would enter the
ACTUAL amount of rent you received for the tax year ending 5th April
2010
|
|
![]() |
|
Post Reply
|
| Forum Jump | Forum Permissions ![]() You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
This page was generated in 0.031 seconds.



Topic Options

