We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Telling HMRC about inherited house repairs
jstiff
Posts: 57 Forumite
in Cutting tax
Hello all
Strange one, if someone has inherited 1/2 a house from family due to death, and as yet the house has not been rented out, but have spent lots of money refurbing getting ready for rental, do HMRC need to know about this if the person is PAYE only?
Appreciate when this is rented an annual tax return will need to be completed.
Is it submitted on a tax return for this year as a loss making year? obviously only 1/2 of costs.
Thanks
Strange one, if someone has inherited 1/2 a house from family due to death, and as yet the house has not been rented out, but have spent lots of money refurbing getting ready for rental, do HMRC need to know about this if the person is PAYE only?
Appreciate when this is rented an annual tax return will need to be completed.
Is it submitted on a tax return for this year as a loss making year? obviously only 1/2 of costs.
Thanks
0
Comments
-
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards