Completing the NRL1 help!
Hi
Thanks for letting me on the forum I am completing the HMRC NRL1 form and wondered if someone could help Question 20 asks for rental income before deductions and then after deductions. The 'after' figure - would that be rent less mortgage, less agency fees and VAT? thanks in advance J |
Re: Completing the NRL1 help!
When we were registered for British tax, we filled it in net of costs. But we did not have a mortgage so do not know if that is included there or somewhere else.
Why not ring HMRC and ask? They are very helpful. |
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