Page UKP1
SA105: How do I claim for unused finance costs brought forward (BOX 45)?
1. Once you're on your property page, click '+ GROUP' 2. Select 'Mortgage interest & related bank charges' then click 'SAVE' at the bottom 3. Click on '+ ADD' 4. Select 'Unused Finance Costs Brought Forward (BOX 45)' from the drop-down list and enter ...
SA105: How do I copy my 'UK Property (SA105)' entries to another user?
1. Once you're on the 'UK Property (SA105)' page, click on 'COPY TO' 2. Fill in the following entries and then click 'COPY'
SA105: How to add mortgage interest
1. Click on '+ NEW PAGE' and then select 'UK Property (SA105)' 2. Fill in the entries and then click 'SAVE' at the bottom 3. Click '+ GROUP' 4. Click 'Mortgage interest and related bank charges' and then click 'SAVE' at the bottom 5. Click '+ ADD' 6. ...
SA105: How to add rental income
1. Click on '+ NEW PAGE' and then select 'UK Property (SA105) 2. Fill in the entries and then click 'SAVE' at the bottom 3. Click on '+ INCOME' 4. Select 'Rental Income Received' from the drop down list of categories, enter the amount you received in ...
SA105: What expenses can I claim against my rental income?
What expenses can I claim against my rental income? The general rule is that the expenditure must be wholly and exclusively for the purpose of the Rental Income business. This basically means what has been incurred in relation to the income being ...
SA105 : 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 expenses so any claim needs to be made in box 20 'Other allowable property expenses'. To do this, please: 1. Click on GROUP '+' under the 'EXPENSES' section 2. Select 'Travel' from group ...
SA105 : 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 ...
SA105 : How do I Record Sub-letting Rent?
Click Save To add the Rent, Click on Add Expense next to Rent and choose Rent Payable from the drop down list sa105
SA105 : How do I claim Grounds Rents?
Click on the Property Page and click Add Group Expenses Select Rent and press SAVE To record the Grounds Rent, Click on Add Expense next to Rent and choose Ground Rent Payable from the drop down list Enter the Amount and click Save.
SA105 : How do I record Rent a Room Income?
Click on ADD NEW PAGE and select Rent a Room Enter the LET details and answer the YES or NO on the radio button questions Click SAVE once completed then press the '+ INCOME' button
SA105 : How do I record Income from a Furnished Holiday Let?
Click on ADD NEW PAGE and select Furnished Holiday Let Enter the LET NAME and complete the other relevant entries Click Save Now press the + INCOME button and select your income type
SA105 : 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. 1. Click on '+ NEW PAGE' and ...
SA105 : 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, ...
SA105 : 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 ...
Recent Articles
SA103s Box 22: How do I populate Box 22 to show the Net Loss?
If you have made a Loss, box 22 gets populated automatically based on the entries in boxes 9 to 19. To show self employed income and expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW ...
SA103s Box 21: How do I populate Box 21 to show the Net profit?
If you have made a Profit, box 21 gets populated automatically based on the entries in boxes 9 to 19. To show self employed income and expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + ...
SA103s Box 20: How do I populate Box 20 to show total allowable expenses?
Box 20 gets populated automatically based on the entries in boxes 11 to 19. To show self employed expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. ...
SA103s Box 19: How do I show other allowable business expenses?
To show other allowable business expenses, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: Click on the + ...
SA103s Box 18: How do I show phone, fax, stationery and other office costs?
To show phone, fax, stationery and other office costs, please follow the steps below: If you have not added the Self Employed page already, please click on + NEW PAGE on the left of the screen. Select Self Employment (SA103) from the list shown: ...