Tax return question from property income

Newheight13

Hello,

I have rental income that I started to receive from the 07/01/2024;  so when filling my self- assessment, am I just putting income from 07/01/2024 until the 05/04//2024 for the rental income received? 

It also asks about how much I earned from main employment, again, is this just for the same period as above or would this be from 06/04/2023

Many thanks!

FlorayG

Everything is for the whole year, so your entire employed income for the year 2023/24 and your rental income from when it began. HMRC will calculate based on whole year's income and change your tax code for next year

Newheight13

So for the self employed side of things, I’ll only be giving 4 months of data will I? Thanks 

mybestattempt

Property/rental income isn't self employment income so, although for 2023/24 you include the income for the period up to 5/04/2024, please make sure you complete the correct pages of the self assessment return.

FlorayG

Newheight13 said:

So for the self employed side of things, I’ll only be giving 4 months of data will I? Thanks 

Yes, but don't make the mistake I made the first year and put it under self-employed, there's a later page for income from other sources than employment; it's a pain finding that out after you've filled in several pages and then find you have to delete them and do it all again!