PAYE tax check letter

[Mrsclt]

Hi all
Got a letter this morning from revenue saying they are doing a paye check on me and they want info on property. Specifically the use of any second properties and the means of finance for each?
We bought a second house at the start of the year, it was only 80k and totally derelict and was paid for with shares I had that vested through employee share programme and a mortgage. Is this ok or likely to have some tax implications I wasn't aware of? The house is still totally derelict.
Also wondering why they have approached me?
I applied a few weeks ago to change our tax status to jointly assessed and for some health expenses back? Is it just a coincidence I have gotten this letter now? Also why is it just me and not my husband as we bought new house together?
Any advice gratefully received. I have to post back info....

 

[Gerry Canning]

Mrsclt;

On approaching you;
Probable the 2nd house showed up and would link in via taxation.
Possibly you changing tax status triggers a review.
Not sure if vested shares on employee will hurt you(I don,t think so if you have had them for a few years) and mortgage money is ok.

Suggest just answer and keep copy, I expect you will be ok.

 

[Brendan Burgess]

We bought a second house at the start of the year, it was only 80k and totally derelict and was paid for with shares I had that vested through employee share programme and a mortgage. Is this ok or likely to have some tax implications I wasn't aware of? The house is still totally derelict.

Perfectly ok.

 

[Mrsclt]

Tks a mill. Any ideas why it's only me and not my husband then as we bought house together. Do I just need to explain where my portion of theory's towards buying house came from?