Tax return

PrincessFiona

Got to do my first tax return and think I've got most of the basics done. However I've spent a bit on work on my flat before I let it and would like to get any tax relief I can.
I don't need the whole thing done and it would take too long to get docs back to the UK for anyone to do the full return. Anyone know anyone who could help? Happy to pay a fee

PrincessFiona

I'm sure someone will suggest it, but I can't afford 'arry's on Mandaric's advisors!

adamtheaddick

my best mates old man is a tax expert quite reasonable too.

http://www.cylex-uk.co.uk/company/garvey-associates-13533522.html

bingaddick

If you call Linda Palin from Lovewell Blake accountants I am she will be able to help. Please send me a pm and I'll give you her details.

Addicted

Almost certain you can deduct all expenses on improvements (fixed) from the total revenue before calculating your tax

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_10014027

Miserableoldgit

adamtheaddick 2:02PM
my best mates old man is a tax expert quite reasonable too.

Thought I was your best mate.......

(walking away sobbing........;-( )

Miserableoldgit

"And I can't sail my yacht........

RodneyCharltonTrotta

You can deduct any capital expenditure and repairs eg painting the gaff etc. Also you get a % wear and tear allowance if it's furnished and it's all deducted from your rental income so you will def get some relief.

C.Walsh'sLoveChild

Tax doesn't have to be taxing

PrincessFiona

Taxing is a flippin apt word!

Thanks for the responses - the more I read, the more confusing it gets! So am going to pay someone to do the tax return and DHL the docs to the UK. The general consensus is they will save me more than the cost.

Btw - yacht???

LenGlover

When you did the work on the flat was it available for letting even though you hadn't let it?

You are entitled to offset expenditure incurred when a property is available for letting even if it is not actually let.

Oggy Red

The old Kinks song, Princess ......"Sunny Afternoon", bit of a classic:


Dm C
The taxman's taken all my dough
F C
And left me in my stately home
A /G /F /E Dm
Lazin' on a sunny afternoon
C
And I can't sail my yacht
F C
He's taken everything I've got
A /G /F /E Dm
All I've got's this sunny afternoon

Chorus 1:

D7 G7
Save me, save me, save me from this squeeze
C7 F A7
I got a big fat mama tryin' to break me
Dm G7
And I love to live so pleasantly
Dm G7 C7
Live this life of luxury
F A7 Dm /C /B /Bb
Lazin' on a sunny afternoon
A /G /F /E
In the summertime

Verse 2:

My girlfriend's run off with my car
And gone back to her ma and pa
Tellin' tales of drunkenness and cruelty
Now I'm sittin' here
Sippin' at my ice-cooled beer
All I've got's this sunny afternoon

Chorus 2:

Help me, help me, help me sail away
Or give me two good reasons why I oughta stay
'Cause I love to live so pleasantly
Live this life of luxury
Lazin' on a sunny afternoon
In the summertime

C.Walsh'sLoveChild

Always wanted to know the chords to that one, Cheers