I really appreciated how you explained it so clearly and simply
@kimberleyshapcottpropertytax
Ай бұрын
Your welcome.
@matthewgrainger3658
Ай бұрын
great video and your a lot better looking than my accountant !
@kimberleyshapcottpropertytax
Ай бұрын
Thanks.
@rampadma
20 күн бұрын
Thank you and is this ever so helpful! So in almost in all cases if you own BTL property under joint personal names as partners, it works best to declare rental income as joint 50:50 income if both the individuals are earning employment salary close to the 40% threshold. Can we also declare in other ratios such as 30:70 or 90:10 to reduce the tax payable and is it mandatory for the rental income to be received to a joint bank account? In terms of deductible expense receipts towards expenses, is it mandatory to hold hard copies?
@tamshora090
Ай бұрын
Great 👍
@kimberleyshapcottpropertytax
Ай бұрын
Thank you 👍
@pritenpatel4547
Ай бұрын
Really helpful video. I wasn’t aware the reduction considers 3 values. What if the rental income is lower than the finance cost?
@kimberleyshapcottpropertytax
Ай бұрын
The finance cost will only lower the income to zero therefore if the finance costs are higher then these will be carried forward to be used in the future. This will also apply if your income is not above the personal allowance.
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