HMRC Admin 21 Response

Hi,
Thanks for your question.
As per HS340 found here:
HS340 Interest and alternative finance payments eligible for relief on qualifying loans and alternative finance arrangements (2021),
qualifying loan payments can be deducted as an allowable expense.
I would advise that it would depend on if you use either the Cash or Traditional Basis for your business. If using the Cash Basis, you would declare loan payments on a yearly basis, if using the Traditional Basis, then this would be declared as one sum in the same Tax Return.
Thank you.

Hi Ollie,
Thanks for your question.
If you have both decided to allocate 100% of the rental income to yourself, with your girlfriend receiving 0% of the beneficial interests (rental income and expenses) then for the aspect of rental property, if this is the sole property you rent then only yourself would need to complete the SA105 UK Property page of the Self-Assessment Tax Return.
Thank you.

Hi Gazahawk25,
Thank you for your question.
You are required to submit a Deed of Trust and form 17 (if a married couple or civil partnership). As each party must have a beneficial interest in the property.
Thank you.

Hi,
Thank you for your question.
You will need to submit a revised Deed of Trust and form 17 showing the changes to the beneficial ownership of the income from property.
Thank you.

Hi manred,
Thank you for your question.
I am sorry to advise that your question is not wholly relevant to this forum. I suggest that you contact HMRC Technical Team - Inspectors  in regards to your dividend - rental income and associate questions. 
Thank you.

Hi,
Thank you for your question.
No relief is due for those expenses because the repairs being undertaken are not repairs to the let property itself.
Thank you.

Hi Deborah,
Thank you for your question.
Finance costs refer to the loan interest you paid in respect of your borrowing relative to your property income and to no other expenditure. Your lender should be able to provide you with this information, therefore confirming the interest charges levied against your borrowings.
Thank you.

Hi,
Thank you for your question.
As you have declared that you are neither married or in a civil partnership, all that is required  is that you declare the actual percentage of profit you received individually.
Thank you.

Hi,
Thank you for your question.
If your profit from property income for example £2K your finance costs are £2500. You can use £2k to cover the profit and the unused finance costs can carried forward to the following year.
Furthermore, financial cost is only relieved at a Rate of 20%.
I would suggest that when completing your Income from property page, of your tax return, you contact us by telephone, and we will walk you through this aspect.
Alternatively, you could follow the guidance at: 
Tax relief for residential landlords: how it's worked out - GOV.UK (www.gov.uk) and
UK property notes (2022) - GOV.UK (www.gov.uk) 
Thank you.

Hi BritAbroadTax,
I am not aware of the similar situation you are referring to.
We would need more information before we can advise you on your payroll responsibilities, i.e whether the individual is a UK national, have lived in the UK previously etc.
Please see our CWG2 booklet  - CWG2: further guide to PAYE and National Insurance contributions - section 4.6 onwards offers more info on employees working in and out of the UK. Alternatively you can call us on 0300 200 3200 to discuss your scenario further and we can advise accordingly. 
Thank you.