Renting out

[badbobby]

It is actually after allowable expenses. There is another link which I can't find, which is from the gov.uk website but in the meantime, you can have a look at this link:

http://www.taxfix.co.uk/forum/articl...d-revenue.html

Whilst being on the phone for an hour today with HMRC re a coding issue, I spoke to a manager about the self assessment limit.

He confirmed that it is net income, so Claymore is correct. You just need to write to HMRC in Liverpool with a P&L.

[Claymore]

Whilst being on the phone for an hour today with HMRC re a coding issue, I spoke to a manager about the self assessment limit.

He confirmed that it is net income, so Claymore is correct. You just need to write to HMRC in Liverpool with a P&L.

I wonder how many landlords are doing unnecessary self assessments - or worse still, paying someone to do it for them!

[badbobby]

I wonder how many landlords are doing unnecessary self assessments - or worse still, paying someone to do it for them!

I was one!

I'm an accountant and cannot stand the tax system, so I have no idea how non trained folk cope...