Tax self assessment

Associate
Joined
9 Aug 2020
Posts
492
I declared from 2017 onwards, my flat rental income to the Tax

Long story short I need to prove this via documentation from 2017 to present.

Any idea how I can go about this?

:)
 
Have they asked for specifics?
How did you receive the funds?

Potential ways:
Spreadsheet detailing income/expenses
Bank statements
Receipts
Rental summaries from managing agents
Letting agreements

What you want to do really depends on what they're asking for and why.
 
They will have your tax returns as well as any supporting info you provided. But, for example, it's entirely possible rental income is a single number on the return. Was that income monthly? Paid every month? Any arrears? Did rent change at all? Any premiums paid?

Then all the possible questions about expenses which are likely to be more interesting to HMRC.
 
Forgot to add, the fact HMRC have gone back to 2017 is concerning. Spot checks are normally only for one year and they extend if they find things. The fact they've asked for so many years suggests they believe something is wrong.

I'd also ask HMRC under what basis they wish to enquire into the earlier years. They're quite possibly out of time to do so unless they are doing so under discovery provisions.
 
Forgot to add, the fact HMRC have gone back to 2017 is concerning. Spot checks are normally only for one year and they extend if they find things. The fact they've asked for so many years suggests they believe something is wrong.

I'd also ask HMRC under what basis they wish to enquire into the earlier years. They're quite possibly out of time to do so unless they are doing so under discovery provisions.

If you ask HMRC why they are asking, won’t they get a mental image of you gnawing your bottom lip as you ask?
Can’t help you other than that, as a retired Black Cab driver, the idea of HMRC asking me anything about income tax has me mentally saying, “On the grounds that the answer may incriminate me, I plead the Fifth Amendment sir.”
Yes, I know that we don’t have the Fifth Amendment over here, but when needs be the devil drives.
 
If you ask HMRC why they are asking, won’t they get a mental image of you gnawing your bottom lip as you ask?
Can’t help you other than that, as a retired Black Cab driver, the idea of HMRC asking me anything about income tax has me mentally saying, “On the grounds that the answer may incriminate me, I plead the Fifth Amendment sir.”
Yes, I know that we don’t have the Fifth Amendment over here, but when needs be the devil drives.

Not if you frame it correctly, i.e. you're asking why they're asking so you can ensure you provide the information they need while not spending ridiculous amounts of time gathering information they don't actually want or need. The question is about trying to ensure the process is as efficient as possible for both parties. Also as an individual you can also point out if it's a complex technical issue that's the cause it may be more sensible for you to go to a professional and get advice beforehand. The result could end up being a mea culpa, here's what I misunderstood and here's the corrections needed, oh look HMRC you no longer need to put much effort in to this process.
 
Back
Top Bottom