Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
self assessment-BTL
Euphoria1z
Posts: 952 Forumite
in Cutting tax
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
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
0
Comments
-
What's the question, what your figures on your tax return are?
Zero income zero expenses?0 -
-
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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards