Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Tarrified as President Dump Risks Turning Recession into Stagflationary Depression - 21st April 25
President Dump Delivers BEAR MARKET - Stock Market Battles Between Order and Chaos - 7th April 25
Stocks Bull Market End Game Bear Start Strategy - 20th Mar 25
Gold and System Collapse: Charting the Bank Run of the Mighty US Dollar - 20th Mar 25
Tesla's Troubles — Is it Musk or is it More? - 20th Mar 25
The Stock Market Bear / Crash indicator Window - 9th Mar 25
Big US Tech Stocks Fundamentals - 9th Mar 25
No Winners When The Inflation Balloon Pops - 9th Mar 25

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Landlords warned to pay tax as UK property lettings boom

Housing-Market / Buy to Let Apr 01, 2007 - 01:22 PM GMT

By: Submissions

Housing-Market A new trade and national advertising campaign launched in February advising landlords who let a room in their home or run a business, of the need to declare their earnings and pay tax on any profit.


Landlords who let multiple properties could be considered to be running a rental business. They should go to the HM Revenue & Customs (HMRC) website at http://www.hmrc.gov.uk/findout and click on the box that says 'landlords' to check if they are liable for tax.

If they are, they should contact HMRC for a self assessment and a land and property form, or register as self-employed by calling the Self-Employed helpline on: 0845 915 4515.

HMRC's Director of Risk & Intelligence, Stuart Hartlib said:

"The guidelines and advice on the website are not complicated, and information is just a click away.

"If landlords are self-employed they can download a form online, or call the Self-Employed helpline.

"Landlords should register with HMRC within the first three months of starting up a new business."

Issued by HM Revenue & Customs Media Relations Team

Website http://www.hmrc.gov.uk


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in