Think I have dropped one.
I could not sell my house just over a year ago, so have bought the house I am in now, and renting out my old house, to long term tenants.
This was done through a Financial Advisor who set up both mortgages, and did not discuss the tax aspects around this.
Firstly, where do I stand? Is there really enough time to cobble something together between now and tomorrow?
Would it be best to take the £100 late hit and get professional advice in the meantime?
Finally, how are HMRC to know about a house getting rented – it is not a buy to let mortgage, but a mortgage where the bank are happy for this to be let, as arranged through my IFC. Mind you, when I called them about re-directing post they said they needed an approval for letting form completed first…..
In other words, has my IFC stuffed up, and what are the implications?
I could not sell my house just over a year ago, so have bought the house I am in now, and renting out my old house, to long term tenants.
This was done through a Financial Advisor who set up both mortgages, and did not discuss the tax aspects around this.
Firstly, where do I stand? Is there really enough time to cobble something together between now and tomorrow?
Would it be best to take the £100 late hit and get professional advice in the meantime?
Finally, how are HMRC to know about a house getting rented – it is not a buy to let mortgage, but a mortgage where the bank are happy for this to be let, as arranged through my IFC. Mind you, when I called them about re-directing post they said they needed an approval for letting form completed first…..
In other words, has my IFC stuffed up, and what are the implications?
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