....A To answer your question about self-assessment first, yes, you will need to let your tax office know that you will have untaxed income in the form of rent from your sister. It is highly likely you will be asked to fill in a self-assessment tax return
, but you won’t have to do that until after the end of the tax year in which your sister started paying you rent. ...
[Read full article on Guardian
Thursday 23rd of March 2017 07:00:05 AM
.... . “This will happen automatically and investors should declare any income received over and above their PSA on their annual tax return
or shelter these holdings in ISA or SIPP to avoid tax. ...
[Read full article on Daily Express
Tuesday 21st of March 2017 01:47:00 PM