self assessment-BTL

Euphoria1z

Hi

Just looking for some advice before speaking with HMRC.

my properties are due to be repossessed shortly, and im wondering how to fill the tax return.

Theyve been empty the current tax year, so the gross income/rent will be 0. The outgoing i.e the interest payment of loans, if i havent made any monthly payments, will that also be 0? or the fact that there is debt i need to put in the amount that i should be paying?

im assuming its 0 income and 0 outgoings (apart from any expenses that may have occurred) but just want to clarify incase theres something different i need to put in considering there going to be repossessed.

hope this makes sense.

Thanks

Davide123

What's the question, what your figures on your tax return are?

Zero income zero expenses?

jimmo

https://forums.moneysavingexpert.com/discussion/4330615

Euphoria1z

jimmo wrote: »

https://forums.moneysavingexpert.com/discussion/4330615

lol! i forgot id already asked! im begining to panic as the times drawing near and wanted to be prepared. I think ill give HMRC a call.