TaxCalc alternative?

Victor_Delta

There's lots of info about this here:
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/index.htm and
http://www.which.co.uk/money/tax/guides/tax-on-property-and-rental-income/allowable-expenses-and-allowances/

Just Google 'tax on property income' etc and you'll find many more.

However, the agent should be able to give you some general advice on the subject and you would probably be well advised to seek the help of an accountant. Even if you have to pay for this, the tax saving might outweigh the cost.

fishooX

I agree. the cost can quickly outrun the tax saving. and you should also check if there are user review etc. on the web about the agent. may be you can get in contact with the person that posted a review through review forums / sites.

Moneymatta

If you are using the IR online tax calculator don't take their word for the amount of pension you have received. In my case it is more often wrong than right.

R C M Matta (for the taxman who will read this - Hello!!)

westafrica

Just tried to file my tax return online and found I can't as I'm non-resident. (Surely people who are non-resident are the ones who most need to file online as they can't get paper copies?) Apparently I can file online if I use commercial software, but I don't want to have to pay for that as the cost is more than the tax rebate due to me! Any suggestions for free software that enables you to file online?

RoyBrock7898

westafrica, I think I can say with certainty that TaxCalc would not help.

When you complete your return on TaxCalc you are given the opportunity to file online. It can run a test filing first. To do this you need your Unique Tax ID, your online password, and your UTR. You can only get these from HMRC. Without these three pieces of information you cannot file online, commercial software cannot get around this.

Victor_Delta

westafrica wrote: »

Just tried to file my tax return online and found I can't as I'm non-resident. (Surely people who are non-resident are the ones who most need to file online as they can't get paper copies?) Apparently I can file online if I use commercial software, but I don't want to have to pay for that as the cost is more than the tax rebate due to me! Any suggestions for free software that enables you to file online?

Hi westafrica

Surely there are two issues here - one is the ability to use the online tax calculator and the second is the ability to actually "file" one's return ie send it in via the internet.

If you were able to do the former, why not just print the output (that looks like an ordinary tax form) and send it to HMRC.

If not, then use TaxCalc or equivalent to do the same.

Otherwise, suggest you speak to HMRC to see if there is anyway round your original problem?

Good luck,

V

RonLeroy

Probably the best tax calculator
http://www.uktaxcalculators.co.uk/
this tax calculator show uk income tax and NI deduction if you are a uk resident.

This is if you are not UK resident living in UK not a full year.

FTBFun

RonLeroy wrote: »

Probably the best tax calculator
http://www.uktaxcalculators.co.uk/
this tax calculator show uk income tax and NI deduction if you are a uk resident.

This is if you are not UK resident living in UK not a full year.

I'd prefer this for the former - less adverts:

http://www.moneysavingexpert.com/tax-calculator/

Please stop pushing your personal website - your other thread was removed and I'm not repeating my reservations about some of your "advice" there.

Xutl

rcgood wrote: »

Hi, Background info.
Wife 65 retired
Me 64 retired.
We are letting our house via an agent as we were unable to sell. ( bought a smaller property)
As i receive a pension and my wife has a minimum state pension, the income from the letting is classed as other income?
We do have annual expenses connected to letting the property, so for my tax return can i subtract those expenses from the monies received from the letting, then only show the balance on my tax return? any help would be appreciated.
Thanks

Hi, on the 'income from property' page [hmrc.gov.uk/forms/sa105.pdf]

you first put '1' in box 1 then declare the total rental income before expenses in box 20 (page 2). Then in the next section (boxes 24-29) you declare your expenses. The net profit then goes in box 38. If you're doing it online the HMRC software will calculate this for you.

If you're filing a short tax return on paper then it's just the 3 line accounts.

Hope this helps...?

cheapmp.player

Paul_Varjak wrote: »

You can, of course, use the Inland Revenue's own website to file your tax return.

For more complex tax returns, that the Inland Revenue website cannot cope with, there are a number of other pieces of software (that are recognised by the IR) that will do the job:
Paul Varjak;74241]You can, of course, use the Inland Revenue's own website to file your tax return.