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For sale: High Tech Rental House in San Antonio - averages $4000/mo rental income I love this house. In the four years and two months that I've owned it, I've collected more than $200,000 in rental income. That's no joke and I can substantiate it with...
Started by VAPA on
, 29 posts
by 16 people.
Answer Snippets (Read the full thread at shaggybevo):
In rental income over four years and being able to manage a property over the internet isn't enticing? Was it the income? The technology discussion? What exactly? Does this house attract Drug trade renters? Im after and, truth is....
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Dear All,
I was wondering if you could help me. Prob a quick yes/no but I can't seem to find the answer.
I own a property and will be starting SA returns on the rental income. I am recently married. I understand I am able to place my spouse on the deeds...
Started by mja12 on
, 11 posts
by 6 people.
Answer Snippets (Read the full thread at moneysavingexpert):
To hold it jointly and attempt to persuade HMRC that the rental income predominantly belongs to your wifeIf you both own the property then the income is split between you, you can't allocate it all to her the rental split ....
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Hopefully someone out there knows the answer to this question.
I understand the bulk of what I can claim against my rental property as expenses (maintenance, interest, utilities, supplies, etc), but what I am wondering is if I am allowed to claim food...
Started by Eagle Eye on
, 20 posts
by 7 people.
Answer Snippets (Read the full thread at calgarypuck):
I've never claimed vehicle expenses against rental income, because on 1 rental....
Expenses against rental income, because the few short drives I make per year wouldn't provide enough tax that requires a 5 minute drive.
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Hi guys,
Can I get some advice please?
I have been letting out my flat for the last year and a half but didn't realise I had to declare this income. I have now found out that I do so what is the best way of going about this? Do I contact the IR direct...
Started by kungfumaster on
, 20 posts
by 9 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Personally unless your rental income is massive 20-30k a year will be able to offset some....
On an average rental income of £6000 per year claiming these would save enough tax to ofset your accountants fees.
And tear allowance.
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Hi all
I have a property which is currently rented for 750 p/m. My mortgage is 1000 p/m. I am wondering if I can in some way claim this 250 as a loss when doing my returns and if so where is this 250 deducted from on the tax form.
Thanks
Started by Tillerman on
, 12 posts
by 6 people.
Answer Snippets (Read the full thread at askaboutmoney):
Presumably....
Can this sum be offset against the total rental income at end of year returns be less than €1,000).
Can this sum be offset against the total rental income at end of year returns? No you can't €750 in rent.
In rent.
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Trying to be as straight to the point as possible:
OH and I own our house outright, and have paid off our mortgage. We would like to buy a 2nd house and rent out our current one (are doing lots of research and preparing ourselves!).
We wouldn't be able...
Started by Beckyy on
, 8 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Might be able to borrow a little more on the basis that we'd have the rental income ontop be much appreciated though! Lenders will allow some of your potential rental income to be taken if the property has to be rented out....
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If you are just letting a room in a house /flat, and you exceed the rent a room allowance, how do you know which expenses you can claim against the tax? Will you be taxed on the whole rent or just the amount in excess of £4250?
I have read all the website...
Started by katejo on
, 15 posts
by 4 people.
Answer Snippets (Read the full thread at moneysavingexpert):
The fact they are a lodger rather than a tenant makes no dirrence for the Income you are running a rental....
For the Income Tax status regarding rental "business"
the basis of the apportionment is however a rental business.
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The management company for our one ts send us a 1099 for rental income for a week they rented minus their commission.
Ok fine but can we write it off against our maint. fees that exceeded that income? What if we don't do the long form just the short?
Started by Tia on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at tugbbs):
Thank you for the info that income? What if we don....
Must do long form and use Schedule E - Rental Income.
Can't do short form.
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Does Rental income that just covers the cost of the house's tax, insurance and mortgage have to be reported? out of the rent of 1525 / month collected $911.58, $255 and $49 must be paid and to cover fluctuating increases the income over an above these...
Started by Denise Kanno on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at yahoo):
You report ALL of the income, and you deduct the expenses..
Yes, it does.
You can then report all the expenses incurred in earning that income.
To report ALL the money you receive as income.
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Posted 2012-01-22 16:16:09
Started by Lazy Sod on
, 5 posts
by 3 people.
Answer Snippets (Read the full thread at thaivisa):
Posted 2012-01-23 22:32:11 Posted 2012-01-24 22:10:12 Posted Yesterday, 05:57 Posted Yesterday, 19:54 .
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