21 күн бұрын
3 ай бұрын
4 ай бұрын
5 ай бұрын
5 ай бұрын
6 ай бұрын
Пікірлер
@usmankhalid9370 9 күн бұрын
If the landlord is not paying the council tax on his/ her rented property, then he/ she will not be able to claim paying council tax as an expense.
@whatanabsolutejoke 2 ай бұрын
My accountant says she has queried this with HMRC and you can only claim via the simplified method/ flat rate £6 per week ie £26 pcm as you mention week but if you work from home in a residential property, you can only claim via that simplified method. So which one is it? Gov.UK also say you can claim a percentage as you mention. £6 a week is pisstake when i have dedicated office room & i use atleast 3 sometimes 5 days per week up to 12 hours a day. Especially when rent & utilities are through the roof!
@Hotsnakesz 2 ай бұрын
UK government can go f@@@ themselves
@Natalie-earth 3 ай бұрын
@gosimpletax Using your suggested splitting of time between personal use of a room and business use, how would you go about splitting a bedroom also used as an office space. Is 24 hours equals to 100% time? Also, for a rented home how important is it to calculate the amount of time used exclusively for work in the room used for split purpose?
@dancamilleri6737 3 ай бұрын
Can you do a video on this topic for self employed delivery drivers. Alot of people like me now doing uber or deliveroo.
@andrewsims8135 3 ай бұрын
Hi Adam help I am just about to do self assent on my rental house . First time
@sarahmcareavey9130 3 ай бұрын
This is so helpful and makes it really logical, however on you form it's missed off spaces to enter metered water and broadband, so I created my own version on a spreadsheet of your form.
@haashimj778 3 ай бұрын
Hi, would I Please be able to see this? Many thanks
@renebarrow.virtualreality 2 ай бұрын
@@haashimj778 You can create your own. List the bills like it shows in the calculator, and include your own for broadband and metered water. 1. Assuming your total expenditure is £10,000 a year, your house has 4 rooms and 1 is being used as a home office, you would divide £10,000 / 4 = £2500. 2. Assuming the total number of hours you use the room is 200 hours, you would then get the cost per hour £2500/200 = £12.50 per hour. 3. Assuming the number of hours you use the room for work is 150, you would then multiply the hourly rate £12.50 * 150 = £1875 estimated allowable costs.
@Nabeel6235 3 ай бұрын
Started a solo tutoring business 2 months ago in January, which is going really well so far. What dates do I have to register by and declare everything and do my taxes? Also, can I claim mileage, as it all adds up? Thanks
@gosimpletax 3 ай бұрын
Congratulations on starting your new business! Our blog may help answer your questions. Check it out here - www.gosimpletax.com/blog/registering-for-self-assessment-sole-trader-landlords/
@Sulayman.786 4 ай бұрын
Paying tax is now both illegal and unlawful as UK funds and provides weapons for genocide, as determined by UN court and ICJ ruling and UN legal experts.
@jonathanplatt6559 4 ай бұрын
What if I am self-employed but spend most of my time working in public spaces out of choice (e.g. public library, coffee shops, co-working spaces)? Should I try to estimate how much of the time I was actually at home while working, or is it safe just to calculate my expenses as if all my work was completed at home?
@rosssilcott5439 4 ай бұрын
Does this work for PAYE employees who work from home?
@theone-nm2xu 4 ай бұрын
Zero in fact pay more tax that should get you out of your home to support the economy
@DJboylive 4 ай бұрын
How much percentage could be claimed if one bed flat and for work used just section of living room?
@gosimpletax 4 ай бұрын
Check out our calculator - www.gosimpletax.com/work-from-home-allowance-calculator/
@sam28407 2 ай бұрын
the same question
@telopian 4 ай бұрын
if i run an online business, can i claim self storage as a expense
@cameronherd7112 2 ай бұрын
If the storage is for the online business, yes.
@Ciara.Higgins-xz9im 4 ай бұрын
I have just had a new boiler fitted in a flat I rent out. Can I deduct the whole £2000 from my Tax Return?
@deniseconnelly9269 5 ай бұрын
Do you include bathroom/kitchen in your "number of rooms" or is it just bedrooms and living rooms that count?
@bobdobalina276 5 ай бұрын
It would be nice to see how shared properties were dealt with. If I am submitting two tax returns, one for myself, one for my wife and we have property in both joint and single names. Do I have to re-add all the details for shared properties again or can they copied over from my wife's account?
@gosimpletax 5 ай бұрын
If you're using GoSimpleTax, you can copy and paste data from one account to another. Here's how you do that - support.gosimpletax.com/portal/en/kb/articles/sa105#1_Once_youre_on_the_UK_Property_SA105_page_click_on_COPY_TO I hope this helps - AG
@bobdobalina276 5 ай бұрын
@@gosimpletaxOkay, thanks - looks promising. Is that copying all property details, because not all are shared. I guess it makes sense if I just try it. We've just done our returns for this year, but I'll revisit around April/May time.
@gosimpletax 5 ай бұрын
@@bobdobalina276 no problem! We have a great support team who you can contact via email if you need any help :) - AG
@andrewteversham3956 5 ай бұрын
HMRC Employment Income Manual EIM32820 states that for 2006/07 onwards, the following are not deductable: Council Tax, Rent, Mortgage Interest, Water Rates, Insurance.
@andrewteversham3956 5 ай бұрын
www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim32820
@yeunghelen 4 ай бұрын
It refer to : When an employee's home is a workplace
@hkshah11 5 ай бұрын
I sold a btl property in Sept 2023 and have completed the real time tax return and paid the cgt. Do I include this sale in the 2022/3 return or 2023/4 ?
@campcop9214 5 ай бұрын
I heard about a home allowance if working from home, i assume for electricity etc how is this calculated though? If you work 100% from home say. Same goes for internet use, how do you know how much was for business and personal, just say 50/50?
@gosimpletax 5 ай бұрын
If you check out our work from home calculator we explain everything in our FAQ section at the bottom of the page - www.gosimpletax.com/work-from-home-allowance-calculator - I hope this helps - AG
@campcop9214 5 ай бұрын
@gosimpletax thanks, so we just do that and add it on ourselves to the costs part of the form? No need to have any supporting evidence? Feels like it would be pretty hard to calculate, how many hours your using a room or even how many hours your working full stop. Since at home doing this 100% of the time on and off through the day
@angelahannant3867 5 ай бұрын
Is it too late to use this service for the current tax return please?
@gosimpletax 5 ай бұрын
Hey Angela, it's not too late at all. You can sign up here www.gosimpletax.com - AG
@davidwithnalll2987 5 ай бұрын
Does one need to be VAT registered to claim back these expenses or are they available to all sole traders?
@gosimpletax 5 ай бұрын
Hi David, they're available to all sole traders :) - AG
@user-wj2hb4sm4e 5 ай бұрын
Thank you so much for sharing 💯 It's very useful information. I have a question that needs your help. I am an UberEat driver. Can I know is the mileage from home to the workplace is considered personal use? For example, drive the car from home to the place to wait for the order. Would that still count as work-related? Also, from that place to home, would it count as work-related? And sometimes we will stay in the car to wait for the next order. Will the waiting still count as work? Or does it count for personal use? Thanks a lot for your help😊
@royobrien 4 ай бұрын
Not a professional. However the restaurant is a temporary place of work and not a permanent place of work therefore claiming for the mileage should be allowable under this circumstance. I claim for all mileage from the moment I switch the car on to the moment I finish for the night when delivering and track my mileage covered by using strava or looking at the mileage clock and comparing it from start to the end.
@bilyanahristova3183 4 ай бұрын
@@royobrienhave you claimed this way for some time? Do you do it on your own or you use agent services?
@lyndabennett1ify 5 ай бұрын
What about service charges on a flat?
@nickgreen8268 5 ай бұрын
My accountant told me that claiming business use on your home, say 20%, would leave you subject to a capital gains tax liability on 20% the house price increase over the period that you claimed when you sell.
@paul301 5 ай бұрын
As a lorry driver I have to pick up a lorry from the yard which is a set location, so would my travel expenses to the yard be allowable?
@bilyanahristova3183 4 ай бұрын
No. Traveling from home to the yard is considered ordinary commuting and it's not eligible for a claim.
@whyyoulidl 5 ай бұрын
Thanks! Most useful and informative 👍
@amadali4036 5 ай бұрын
Great video! Just a quick question, do you have to do anything specific in terms of notifying HMRC if you have a BTL rental property but then decide to start renting it out as a FHA?
@gosimpletax 5 ай бұрын
Hi, you would simply include the income and expenses for the period within the relevant section on the SA105 Property schedule. FHL boxes 5 to 19 and property income boxes 20 to 45. I hope this helps :) - AG
@amadali4036 5 ай бұрын
@@gosimpletax thanks!
@gregallam1991 5 ай бұрын
I rent out one property. But work full time. Where do I enter the p60?
@gosimpletax 5 ай бұрын
Hi, if you're using GoSimpleTax, you'll add the SA102 (employment page) and add your p60 information :) Hope this helps - Thanks, Anna.
@lauravidgen4520 6 ай бұрын
Really helpful thank you
@Vijinger10 6 ай бұрын
Very good explanation which is useful
@julieannewalker 6 ай бұрын
Thank you for this video and calculator - very helpful.
@Solihul886 7 ай бұрын
Hi, what about working from home allowance of £312 pa? Couldn't find the option on the SA105
@lonniehicks6625 7 ай бұрын
'PromoSM' 😓
@Dorothy098. 7 ай бұрын
oh intersting channel im gonna be just scrolling in the channel rn helpful🎉
@Steve_W27 7 ай бұрын
Really useful 👍
@Sudkum11 8 ай бұрын
When doing online self assessment the foreign income for the non domiciled uk tax residents even if it is less than £2000 is taken into account to calculate the tax. Is this the form to be filled in addition to online self assessment for individuals who are non domiciled UK tax residents who have had less than £2000 in interest income from overseas bank which was never remitted to UK ? OR in the online self assessment itself there is a place to mention is separately to save the additional tax being calculated for the amount ?
@gosimpletax 8 ай бұрын
Hey, if you're a GoSimpleTax user, please email our support team and they'll be able to help you. Our email is [email protected] - Thanks!
@datafactor 9 ай бұрын
One qustion, you mentioned that normally people create a separate account with 10$ income and declare that. But shouldn't you be declaring all foreign income you earned as you are going to pay 30k surcharge anyway no matter what income is? isn't not declaring income wrong as per HMRC rules?
@gosimpletax 8 ай бұрын
When claiming the remittance basis you would be charged £30k when you meet certain criteria. You must nominate income but that nominated income doesn't need to be relevant to the income you're not remitting nor does it need to be the full amount. Given the complexity of the situation, we always recommend you seek advice from a tax professional. I hope this helps :) - AG
@kevinwong3554 11 ай бұрын
Further to my last question, on your company website regarding SA 106, it mentioned that if "You’ve claimed remittance basis, unremittable income and foreign tax credit relief" then you might need to fill in SA106. However, on the software any income filled in would be taxed even i chose to be taxed at remittance basis, is there something wrong? Or there's no need to complete or declare in SA106 if none of those foreign incomes get remitted to UK? Thanks for your clarification!
@kevinwong3554 11 ай бұрын
Hello, thanks for your video. I just tried out the software regarding non dorm using remittance basis. If i have say £50000 of foreign interest income and not remitted to UK should I put that number in "BOX 34"? On the "Please provide details box" what kind of information should i write? thanks!
@gosimpletax 10 ай бұрын
Hey Kevin, thanks for your comment. If you email our support team, they'll be able to let you know how to do this - our email is [email protected] thanks!
@duanerobertson2802 Жыл бұрын
'PromoSM' 😆
@olvaandes3230 Жыл бұрын
'promo sm'
@Edbrad Жыл бұрын
We shouldn’t even need this. HMRC should make it easy themselves.😤
@FINDINGFITNESS101 7 ай бұрын
Exactly
@dericsiu6402 4 ай бұрын
This kind of software should be owned, operated and provided by the government.
@deane9050 Жыл бұрын
Hi I know this is an old video but is it possible to record miles for the hmrc flat rate which is 0.45 a mile for first 10k and 0.25 for the rest of the miles. Flat rate as it covers miles , repairs , insurance basically all aspects to do with my van as a same day courier Very interesting video thank you
@czeital Жыл бұрын
Re: Portugal question. Depending on how long someone is in Portugal or out of the UK isn't that also a potential factor re: CGT?
@deanosamuel2650 2 жыл бұрын
no
@craigc2790 2 жыл бұрын
I'm sorry but what a boring monotone voice, he sounds like he is reading from notes just handed to him. I turned it off after 3 mins.