self assessment

[marco_c]

hello everybody!

i have a property currently let in uk

i moved to uk last december and i started working

i rented an apartment for 350 monthly

in the self assessment i filled in:

approximately 4000 for the rent received from the tenants

around 4500 with the amount of the P60 from my employer

as i can see i have to pay around 300 of taxes by the 31st january 2013

is it possible to claim anything from the rent i paid since i moved to uk last december?

many thanks

marco

[Richlist]

No

[marco_c]

hello everybody!

question just to see if i am right

i have a property currently let in uk

i moved to uk last december and i started working as employee

in the monthly statements i see some taxes deducted

in the self assessment i filled in:

approximately 4000 for the rent received from the tenants

around 4500 with the amount of the P60 from my employer

as i can see i have to pay around 300 of taxes by the 31st january 2013

but if i am already paying some taxes in the monthly statement why should i fill the self assessment with the amount of the P60 received from my employer?

it seems like paying the taxes twice

many thanks

[Richlist]

From the £4000 you receive in rents you can deduct expenses such as insurances, repairs & maintenance, agents fees etc. Whats left is profit and that gets added to the money you earn from your employer. You then fill in a self assessment form (or get an accountant to do it for you) and you get a tax bill depending on the result.