▲ 1 r/TaxUK
Let property campaign
Two questions if you don’t mind:
- The liability each year is above £1000. The interest calculation seemed pretty high so I called HMRC (twice!) and both times they said I don’t need to include interest for the payments on account, is this correct?
- The first box on the disclosure says “income for the year” then proceeds to ask for the tax figure and so on. Do they mean profit for the year in the first box? Where should I put the breakdown since they don’t ask for expenses? Should I just included it in the second text box where they ask for the type of income?
Thanks!
u/Cautious_Bell_4736 — 4 days ago