Forgive my ignorance but I am having a right week of it when it comes to HMRC. Firstly I found out I have to repay much of my child benefit entitlement for the last 2 years as I'm a higher rate earner (didn't know this was the case) and now I've realised I've not done anything/ looked into property tax for renting out my house.
In my defense, I have been and continue to be very ill and I have totally dropped the ball on this but after flapping at the tax office yesterday about the child benefit, I had an email this morning at 1am from HMRC instructing me to take a course about understanding property tax.
I will do this but can anyone assist in an approximate figure of what the tax will be please? I recieve around £825 a month which is about £50 a month shy of the mortgage payment.
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Tax on a property rented out
30 replies
LifeBeginsNow · 14/02/2020 14:29
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.