Property News · October 23, 2013

I am renting out my property and haven't filled in a self-assessment form


Will I incur a huge fine, and is there some kind of ‘landlord amnesty’?Q I have been renting out my flat since October 2010 while I’m studying elsewhere in the country and so far have not completed a self-assessment form for the HMRC. I would like to get to get this addressed as it may be that the flat will continue to be rented for a few more years, and I’d obviously not like to suffer the consequences of a huge tax bill or fine down the line.Could you advise me about the best way of going about it. I understand there is a “short” self-assessment form which I can fill out online but what about the previous year/s? Will I incur a huge fine for not declaring it earlier, and is there such a thing as a landlord amnesty, or is that wishful thinking? Continue reading…

Source : theguardian.com
Read more…I am renting out my property and haven’t filled in a self-assessment form

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