The Hippo

I'm starting to look into this myself and thought I would come here for some explanations in laymans terms which I could understand. I came across the following link http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_10014027 with the part I was most interested in being that it states "interest on property loans". Now if I was to include this allowance from my mortgage this would near enough offset all of the rental income I have received in the past 9 months. So for a simpleton on tax matters I'm slightly confused :unsure:

Wonder if anyone could pass on some advice. We had a family get-together last Saturday prior to us flying out on 6th June and it was the last opportunity for the OH to see her brother. Removals are coming next Wednesday and the OH's brother brought along the daughters birthday & christmas presents all wrapped up (well organised eh). The OH is concerned that if we put these in the container with them all being wrapped up and obviously bought in the past 12-months, what will the customs think of this? Thanks The Hippo

There are a lot of us in a similar position that are making the move to Melbourne with the work, who have agreed to cover the costs of the first 5 weeks accommodation (Quest Sanctuary Lakes), then after that it's everyone for themselves. Been looking at short-term furnished rentals in the city, but they're not cheap and at the moment trying to look at what we'll need whilst waiting for our container and the associated cost and then whether it is cost effective to just buy cheap and cheerfull and get our long-term rental sorted or go with furnished rental for a month or so. Any advice would be greatly appreciated. The Hippo

Pasonjayne, I'd also be very interested in this information as we're coming out to Melbourne on 8th June and we've got a company organised hire car for 4-weeks and in that time we'll have to get a car and insurance sorted out. How easy is insurance to get sorted out? What other stuff do we have to put in place prior to driving, heard about rego.? Any advice would be much appreciated. Thanks, The Hippo

Thought that if any team deserved a result it was the Rangers with us having the better if the first hour or so and when we started opening up & chasing the game a but more celtc created a few more chances. Once again lennon shows a complete lack of class and the sooner his tenure and involvement in Scottish football comes to an end the better. Season ticket holder at Ibrox for the past 20 years and coming over to Melbourne in June for a couple of years couldn't have come at a better time in terms of a football sense. Scottish football has been taken to new levels this year and it seems the football is secondary to the bile that gets spouted by those in the stands & not just the big bad Rangers supporters by the way. The morale high ground taken by the celtc supporting fans has been quite despicable with the victim card being played at all opportunities and it all being played out in the weasel Scottish media who are lapping it up. Rant over. The hippo

Complete the NRL1 form which will allow your letting agent to pay you your full rental income without them having to deduct tax. This does not mean you're exempt from paying tax on your income and means you'll have to fill in a tax return each year, but you and your OH will be entitled to your tax free allowance each year; think it is now about £7,500 each now since the budget. That is my understanding if things anyway and I'm just going through the process just now. Letting agents are a bug let down and I've now got 2 letting agents trying to rent the house out for me. Only 6 weeks until we head off to Melbourne for a couple of years so it's starting to stress the OH out a bit. The Hippo