Looking forward to hearing him speak at the next Quickbooks conference, sadly the last one was cancelled due to Corona.
HMRC rules state that, as a landlord, you should declare your rental income from the date of the first let, not when you make a profit. HMRC are currently checking in the Land Registry to track down non-complying landlords. This may mean large fines. If in doubt, give us a call.
Self Employed Income
Support Scheme (SEISS) – Covid-19
For all our
self-employed clients that have been affected financially since 14 July due to
Covid-19 restrictions, you can apply for the second and final SEISS payment.
Applications open on 17 August on the HMRC website.