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Free Tax Saving Strategies Course
The seven FREE property tax busting strategies course reveals the secrets of how to legitimately beat the taxman and boost your property profits!

Income Tax Detail Report

  Tax Year 2004/2005  
 
  Property Name : Lowsham Street
  Address : Lowsham Street,Oxford,Oxfordshire,OX1 2DB,England
  Income    
    Income from land and property :    
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
    Vinay, Singh   £400.00  
      Sub Total : £4,800.00  
  Salary    
    Salary from other sources :   £25,000.00
  Losses    
    Losses brought forward from previous year :   £0.00
  Expenses    
    Rents, rates, insurance, ground rents etc :    
    Rents :      
    Ground Rent   £0.00  
    Rates :      
    Insurance :      
    Buildings   £69.30  
      Sub Total : £69.30  
    Repairs, maintenance and renewals :    
    Repairs & Maintenance :      
    fixed window   £150.00  
    Change Security Lock   £175.00  
    Fixtures & Fittings :      
    kitchen doors replaced   £100.00  
    Gas C/H Boiler Changed   £700.00  
    10% Wear and Tear :   £480.00  
      Sub Total : £1,605.00  
    Finance charges including interest :    
    Mortgage   £125.00  
    Loan   £900.00  
      Sub Total : £1,025.00  
    Legal and Professional Costs :    
      Sub Total : £0.00  
    Cost of services provided including wages :    
    Travel :      
    taxi   £20.00  
    Services :      
    Paid the bookkeeper   £600.00  
      Sub Total : £620.00  
    Other Expenses :    
      Sub Total : £0.00  
 
      Total Expenses : £3,319.30  
 
  Profit & Loss    
    Total profit/loss for 2004/2005 :   £1,480.70 (profit)  
    100% Ownership :   £1,480.70  
 
  Tax Payment    
  Amount Percentage Tax Payment  
  £0.00 0% £0.00  
  £0.00 10% £0.00  
  £1,480.70 22% £325.75  
  £0.00 40% £0.00  
 
  Total Tax Payment £325.75