• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Property income

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Property income

    Hi and thanks for reading my post.

    A few years ago I was gifted/inherited a house under the 7 year rule. The house is rented out and my father keeps the income but I am paying the tax on it. No money passes or has ever passed or transacted through me and there is no lease in my name. Can anyone tell me if there is a way for me to get out of this arrangement? I have until now signed UK tax returns but I no longer want to. Is it a case that because I own the house I must declare and pay the taxes? Any help would be greatly appreciated. Thank you.
    ​​​​​​
    Tags: None

  • #2
    In my opinion, you can't do a lot of income from property. I've been trying to make a profit from it for a lot of time, so I know what I'm talking about. When I realized that, I decided to find a job, so I used Google in order to find something suitable. I was searching for 3 hours and I found out about retail arbitrage and I started working. I've been working for a lot of time and I can say that I'm pleased with it, I've never ever earned a lot of money on my real job. If you're interested in it, you can try to read it, you can find a lot of information about amazon fba business.
    Last edited by Dsuarr2; 22nd November 2020, 20:31:PM.

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X