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TODAY'S OTHER NEWS

Income tax when you let property: help and support for landlords

The tax return deadline when filing your online Self Assessment for the tax year ending 5 April 2019 is just over a week away.

 

Filing an annual tax return is a necessary task for every self-employed person, including buy-to-let landlords, with the 31 January deadline for the 2018/19 Self Assessment tax return at midnight on 31 January 2020.

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Whether you have just started out as a buy-to-let landlord or you are an established property investor, there is much to consider from a financial point of view.

Around 10 million people must complete a self-assessment tax form every year, typically because they are self-employed, run their own business or have untaxed income or capital gains, such as from a buy-to-let property, a trust or investment portfolio.

There is no need to fret over filing your tax returns, as it does not even require an accountant.

But if you are concerned about going it alone and doing your own tax return, you may wish to check out HMRC's 'help and support for landlords'. 

For more information, click here.

HMRC also offers online tax return help for landlords to their online series of help and support webinars.

View all HMRC webinars.

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