Paying back rental tax

I

IrishWoman

Registered User
Messages
3
Hi, hope am posting in right forum. Have been living in UK for past nine years and renting out my house since then. Stupidly I haven't done any tax returns or paid tax on my rental income. I'm feeling now that I should come clean and pay up before I'm caught. But totally confused about it all and where I should even begin. Any advice appreciated.
 
Throw up some figures here and the helpful aam crew will hazard a guesstimate of what you owe.
Specifically :Rent received
Mortgage interest amount
Costs incurred(management fees ,cleaning,repairs)
Have you paid the nppr ?
Are you still claiming mortgage interest relief?
 
Rent payment is 1250 (and mortgage payments around 1000). Have paid the NPR religiously. Pay 90 to an agent every month. Yes, claiming mortgage relief.thanks
 
Ok,you do realise that once you rented it out,you were no longer eligible for mortgage interest relief?
You can only claim 75 % (gone up to 80%) of the interest as a deduction from your renting profits.
 
Last edited:
The mortgage repayments are irrelevant.What interest are you paying per year.
I'm assuming you're not registered with the RTB either?
 
Approach your agent first and ask him for summary expenditure figures for the last 11 years. Or is he just a friend that checks on the place now and again and get's you tenants ?
 
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