| answer text |
<p>Due to the structure of the Self Assessment tax return, it is not possible to provide
a complete answer to this question.</p><p> </p><p>Income from residential and commercial
property is not separated out in either the full or the short Self Assessment return.
In total, 1,984,000 individuals reported UK property income that was not from Furnished
Holiday Lettings in the tax year 2011-12. This figure includes both the main and short
Self Assessment returns.</p><p> </p><p>It is not possible to provide a complete accounting
of the number of individuals claiming the Rent a Room relief. This is because individuals
claiming the relief with gross rental income of less than £4,250 do not have to fill
in a Self Assessment return. Individuals who fill in the short return have no way
of indicating that they are claiming the relief.</p><p> </p><p>Of those individuals
who filled in the main return, 47,000 indicated that they were claiming the relief.
This includes those who ticked the box to indicate that their gross rents were less
than £4,250, and those who filled in the amount claimed.</p><p> </p><p>Individuals
with income from Furnished Holiday Lettings must complete the property pages of the
main return. In all, 82,000 individuals declared income from Furnished Holiday Lettings
in the tax year 2011-12. This covers Furnished Holiday Lettings in both the UK and
EEA.</p><p> </p><p>HMRC is currently running a compliance campaign focusing on individuals
who let residential property, giving them the opportunity to bring their tax affairs
up to date and to pay the tax that they owe.</p><p> </p>
|
|
