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Landlord insists on rent paid by cheque....tax avoidance??

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Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    suzy_g wrote: »
    Because the !!!!!! has truly hit the fan these last couple of days, and i'll be honest I dont like them, but we dont like to like everybody, that's allowed isnt it!?

    I never said it wasn't, but I don't see a problem with being paid by cheque instead of SO. There's no difference tax wise.
  • Eton_Rifle
    Eton_Rifle Posts: 372 Forumite
    lazer wrote: »
    Maybe he likes collecting the rent - as then he has an excuse to visit the property?

    My first thought too.

    Or maybe he's not good at tracking online payments (or doesn't have an online bank account.)

    Seems to me he's the one putting himself at risk here. I agreed once to a tenant paying me by posted monthly cheque and I'd never do it again - it's direct debit or bust now!
  • suzy_g
    suzy_g Posts: 732 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Ok thanks. Just wondering anyway but I see what you mean.
  • missile
    missile Posts: 11,806 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    suzy_g wrote: »
    Yes and they arent going to do that unless someone brings it to their attention....

    I think you are being a little paranoid, if he was asking for the rent in cash, then I might be concerned.

    If you feel so inclined you can report the LL to the tax authority, see here> http://www.hmrc.gov.uk/tax-evasion/index.htm
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • MegaMiniMouse
    MegaMiniMouse Posts: 595 Forumite
    Lokolo wrote: »
    Exactly! So why would a SO be any different to a cheque!? It wouldn't!

    A standing order is instantly checkable - if no bank statements are available, then HMRC will assume the worst

    Cheques can come from anywhere and go anywhere, HMRC will only bother with the bigger issues

    MMM
  • suzy_g
    suzy_g Posts: 732 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    So where do I grass them up to then?
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    suzy_g wrote: »
    So where do I grass them up to then?

    And if you are wrong then prepare for the worst for your son.

    To assume he is tax avoiding because he wants to be paid by cheque is just wrong imo.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    MegaMiniMouse wrote: »
    A standing order is instantly checkable - if no bank statements are available, then HMRC will assume the worst

    Cheques can come from anywhere and go anywhere, HMRC will only bother with the bigger issues

    MMM

    Can I ask how?
  • missile
    missile Posts: 11,806 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    suzy_g wrote: »
    So where do I grass them up to then?
    As I said.........
    If you feel so inclined you can report the LL to the tax authority, see here> http://www.hmrc.gov.uk/tax-evasion/index.htm
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Eton_Rifle wrote: »
    My first thought too.

    Or maybe he's not good at tracking online payments (or doesn't have an online bank account.)

    Seems to me he's the one putting himself at risk here. I agreed once to a tenant paying me by posted monthly cheque and I'd never do it again - it's direct debit or bust now!

    Yep my Landlord used to like being paid monthly but because of previous tennants having lots of late payments, he now will only be paid termly so at least he has a bulk for mortgage payments etc. if just 1 person is late.

    He's also quite old fashioned and when I do jobs for him he sends me a cheque - oh he must be tax avoiding as he's sending me a cheque oh noes!
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