How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • Go back-and-forth until satisfied
    Rate the answer you receive.
Ask bigduckontax Your Own Question
bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 10279
Experience:  FCCA FCMA CGMA ACIS
75394688
Type Your Tax Question Here...
bigduckontax is online now

This is a question in relation to UK Tax. I have a buy to

Customer Question

This is a question in relation to UK Tax. I have a buy to let and need to submit my tax assessment. When I tried submitting in April I was told that I needed to complete an S1A form because I didn't need to do one last year my account was doormat but I haven't heard anything and not sure what to do.
Submitted: 16 days ago.
Category: Tax
Expert:  bigduckontax replied 16 days ago.

If you had no income from your buy to let there is nothing to declare anyway.

Customer: replied 15 days ago.
But there are losses that I need to carry forward
Customer: replied 15 days ago.
Even then?
Expert:  bigduckontax replied 15 days ago.

They will carry forward automatically.

Customer: replied 15 days ago.
I spoke to Hmrc helpline and they said if you have losses to move over then maybe need to do an assessment
Expert:  bigduckontax replied 15 days ago.

I would not dispute with HMRC on this guidance, it might well be safer to assess.

Customer: replied 15 days ago.
I am confused as to who is best placed to give a definitive answer on this.
Customer: replied 15 days ago.
Do I need to at least work with an accountant to have my accounts drawn up as this is the first time I have had a b2l.
Expert:  bigduckontax replied 15 days ago.

Your local hight street accountant could do it in a jiffy.

Customer: replied 14 days ago.
But do I need to do that if I am not submitting my tax assessment?
Expert:  bigduckontax replied 14 days ago.

well, no.