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Producing rental accounts and filing a tax return
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FussyPants01
Posts: 5 Forumite
I currently pay £640 pa for a set of accounts, tax return completion and filing with HMRC. I am one of those unfortunates who has always had to file a return and did this myself until I inherited the rental property and it got more complex. The complication was Foreign tax withholding for some windfall shares with Santander and Sun Life of Canada. Can I do it myself and save the money and how do I find out how to account for the tax withholding which I have never understood!? Thank you!!
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Comments
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Accounting and self-assessment tax for property rental is VERY straightforward.
If your tax return is complicated by overseas share ownership, might it be easier to sell those shares?2 -
That's a good idea.
Last time I filed my own return I rang HMRC to check my figures and they said 'sounds about right'. That didn't exactly fill me with confidence!0
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