Rental tax

Thewife

can anyone please tell me ?? Tia

I have been renting since 2012 it was a friendly informal agreement and I never asked before to claim back tax credits for rent , just doing a quick search and it seems to be able to claim back tax for rent I have to be renting since dec 2010 or before , is this correct ? So this means I can't claim back money now ?

relax carry on

Thewife wrote: »

can anyone please tell me ?? Tia

I have been renting since 2012 it was a friendly informal agreement and I never asked before to claim back tax credits for rent , just doing a quick search and it seems to be able to claim back tax for rent I have to be renting since dec 2010 or before , is this correct ? So this means I can't claim back money now ?

Correct. The rent tax credit is being phased out so will be gone for everyone soon.

CIARAN_BOYLE

Thewife wrote: »

can anyone please tell me ?? Tia

I have been renting since 2012 it was a friendly informal agreement and I never asked before to claim back tax credits for rent , just doing a quick search and it seems to be able to claim back tax for rent I have to be renting since dec 2010 or before , is this correct ? So this means I can't claim back money now ?

You are right. You cant claim anything.

Thewife

CIARAN_BOYLE wrote: »

You are right. You cant claim anything.

Thanks for your replies .. I was renting prior to 2012 but moved to a new property in 2012 so does this still mean I can't claim ? It's very confusing

Thewife

CIARAN_BOYLE wrote: »

You are right. You cant claim anything.

What I mean is ... It states Id renting on or before 7th December 2010 then it can be claimed so I can claim for the property I was at in 2010 but I can't claim for the property I am in now since 2012, is that correct ? I'm so sorry if I am confusing things further

CIARAN_BOYLE

Thewife wrote: »

What I mean is ... It states Id renting on or before 7th December 2010 then it can be claimed so I can claim for the property I was at in 2010 but I can't claim for the property I am in now since 2012, is that correct ? I'm so sorry if I am confusing things further

It has to be the one tennancy

Thewife

CIARAN_BOYLE wrote: »

It has to be the one tennancy

Thank you so much that clarifies it for me I couldn't get clarity on the revenue site do you mind me asking where you found this info ? As my husband surely won't believe me !!!

barneystinson

Thewife wrote: »

can anyone please tell me ?? Tia

I have been renting since 2012 it was a friendly informal agreement and I never asked before to claim back tax credits for rent , just doing a quick search and it seems to be able to claim back tax for rent I have to be renting since dec 2010 or before , is this correct ? So this means I can't claim back money now ?

Correct.

barneystinson

CIARAN_BOYLE wrote: »

It has to be the one tennancy

Wrong. Read the legislation.

"(1A)(a) This section shall not apply as respects rent paid on or after 8 December 2010.
(b) Notwithstanding paragraph (a), this section shall continue to apply for the year of assessment 2010 and each subsequent year of assessment up to and including the year of assessment 2017 in respect of rent paid by a tenant who on 7 December 2010 is paying rent under a tenancy."

Anyone who was a tenant on 7/12/10 is entitled to the credit up to 2017, in respect of rent paid under A tenancy.

Thewife

barneystinson wrote: »

Wrong. Read the legislation.

"(1A)(a) This section shall not apply as respects rent paid on or after 8 December 2010.
(b) Notwithstanding paragraph (a), this section shall continue to apply for the year of assessment 2010 and each subsequent year of assessment up to and including the year of assessment 2017 in respect of rent paid by a tenant who on 7 December 2010 is paying rent under a tenancy."

Anyone who was a tenant on 7/12/10 is entitled to the credit up to 2017, in respect of rent paid under A tenancy.

So I can claim it ???

barneystinson

Chucky P wrote: »

Yes you can. Should be a nice little wedge as well !

Jebus. Read her question!!

No she can't, unless she was renting on 7th Dec 2010.

She says she STARTED renting in 2012.

Thewife

I was renting in 2010 but not at the property I'm at now , I moved here in 2012 .. I claimed for 2010 and previous years

barneystinson

Thewife wrote: »

I was renting in 2010 but not at the property I'm at now , I moved here in 2012 .. I claimed for 2010 and previous years

You should've said that earlier so!

If you were renting ON 7/12/10, you can claim it.

If you weren't renting ON 7/12/10, technically you're not entitled but you could contact your tax office and see if there's any scope for a flexible interpretation, since you were renting before and since...

Thewife

barneystinson wrote: »

You should've said that earlier so!

If you were renting ON 7/12/10, you can claim it.

If you weren't renting ON 7/12/10, technically you're not entitled but you could contact your tax office and see if there's any scope for a flexible interpretation, since you were renting before and since...

I thought I did state that earlier sorry ..

So even though I have moved properties I can claim for the new property where ive been since 2012.. Excellent thanks

Thewife

More confused then ever

barneystinson

Thewife wrote: »

More confused then ever

Sorry, I missed the post where you said you were renting on 7/12/10. If you were, that's it.

It's not actually complicated, it's 2 questions:

1. Were you renting on 7/12/10? If no, sorry you don't qualify; if yes, continue to question 2.

2. Are you renting in the current year? If yes, you're entitled to the credit; if no, you're not.

Thewife

You've all been great , does anyone know how much rent tax back I might get ?

jjjd

Thewife wrote: »

You've all been great , does anyone know how much rent tax back I might get ?

It will depend on your age and whether or not you are jointly assessed with your husband (and obviously that you have paid PAYE!). If you have been continuously renting since 2010 and have claimed the rent credit previously, would the credit not already be listed on your annual tax credit cert? Normally tax credits are rolled forward each year based on the previous year's credits.