Free Tax Tips

Posts Tagged ‘rent’

Question: How to find my local tax office?

I have left the UK and am trying to get a tax rebate through the P85 form, but am unsure where to send it. The tax code from my employer is for a tax office in Manchester, but I lived and worked in London. Should I be sending my forms to MY local office based on my post code, or the one in the company ref?
Thanks

Answer: Your Tax Office is where you work. Not where you live.

I live and always worked in the Home Counties till I retired. Some of my Tax Offices were in Manchester, Scotland, Birmingham, Exeter and Plymouth and even Northern Ireland.

Although really you could send it to any one and they will forward it to the right office.

Leaving for sunnier climes just got a lot more complicated

MORE than six million British nationals now live abroad permanently, roughly equivalent to 10 per cent of the entire UK population, or all of the Scottish population.

1 € = 10 cent

Am I allowed to upgrade my house, then use the depreciated value as a tax write-off when I rent it out later?

I own a duplex, and live in one half while the other half is rented out. The Bathrooms on each side need to be remodeled. I would like to both rooms the same, costing quite a bit per room. Do I need to enter this (using Turbo Tax) as a depreciated value each year? And can I claim ‘zero use’ for my Bathroom, then change it to 100% later?

I got laid off, I lost my house and now I’m renting an apartment. This might be a long shot but I’m just wondering if there is any tax deductions available for renters. Am I eligible to get tax deductions or any types of tax refund on the rent money that am paying? If so what % of it is refunded? Thanks in advance.