Registering for self assessment – help needed for a newbie landlordMake Text Bigger
Would appreciate any help the forum could give me on the following …
After searching google and searching your forums I am still none the wiser will regards to self assessment.
My wife and I bought our first rental property in January this year and first rented it out in March, we always knew we would need to register for income tax from our rental income but now the time has come are unsure how to.
The HMRC self assessment website does not seem to specifically mention registering as a landlord, so what catergory do we/ I register under?
Also do we both have to register as the property is jointly owned? In which case do we have to split all income and expenditure 50/50
Your help would be greatly appreciated.
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