SA105 Property Page
How do I record mileage allowance for journeys made in inspect my rental property?
On the form SA105 there is no specific box for entering mileage exepenses so any claim needs to be made in box 20 'Other allowable property expenses'. To do this please 1. Click + GROUP 2. Choose Operation costs 3. Click + ADD 4. Select Other ...
How do I add property losses brought forward from previous tax years?
You can add losses brought forward on the property EDIT page. To access this please: 1. Click on the Property (SA105) page, when it changes colour to blue then click EDIT On the new page then updated the box for losses. Once saved the software will ...
How do I Record Sub-letting Rent?
Click on the Property Page Click Add Group on Expenses Tick Rent Click Save To add the Rent, Click Add next to Rent Choose Rent Payable from the drop-down list Enter the Amount Click Save
How do I claim Grounds Rents?
Click on the Property Page Click Add Group Expenses Tick Rent Click Save To record the Grounds Rent, Click on Add Expense next to Rent Choose Ground Rent Payable from the drop down list Enter the Amount Click Save.
How do I record Rent a Room Income?
Click on ADD NEW PAGE Select Rent a Room Enter the LET NAME Select YES or NO on the radio button questions Click SAVE
How do I record Income from a Furnished Holiday Let?
Click on ADD NEW PAGE Select Furnished Holiday Let Enter the LET NAME Enter the Number of Properties Let Enter the percentage of PRIVATE USE Select YES or No on the Radio Button Questions Click Save
How do I show my mortgage interest - Property Finance costs explained 2020 - 2021
How do I show my mortgage interest - Property Finance costs explained 2020 - 2021 The tax relief that landlords of residential properties get for finance costs is being restricted to the basic rate of Income Tax. This is being phased in from 6 April ...
Partnership Property Finance Costs
For the 2020 to 2021 tax year, you can only claim 0% of the cost of getting a loan, or alternative finance to buy a residential property that you let, and 0% of any interest on such a loan or alternative finance payments. To show this on SimpleTax, ...
Property Income Allowance
If your property income is over £1,000 and you’re claiming property income allowance, the total amount of the allowance claimed from all property businesses (this includes overseas property businesses) cannot exceed £1,000. Under Property Income, ...
Property: traditional accounting or cash basis?
Cash basis is a simpler way of working out your property business profits or losses. You add up all your property income received (your turnover) and take off any allowable expenses paid in the year. Don’t include money you owe or owed to you after 5 ...