X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Tax

    Tax return on rental income

    I am new on this platform and I need a guide. I am in full time employment and have a property in my name renting out.

    My question is my net rental income per year is around 1500. Do have I have to register for self assessment and fill tax return.

    I have had the property for three years now , if I need to file tax return, can I still do that for previous tax years.

    Thanks

    0
    0

    I believe you do have to do a return even if you make a loss

    seek advice from an accountant


    0
    0

    Learn Change and Adapt ?????


    Absolutely, because you'll want to carry your losses forward to off-set against when you make a profit.

    0
    0

    Based on the amount of profit and that you have earned income you may find that the Revenue are able to collect the tax due via your tax code but you should certainly be declaring the details to the Revenue.  As DL says you should talk to an accountant with a view to declaring the profit to the Revenue.

    0
    1