Self-Assessment Tax Returns - 5 Things I Learnt Doing It Myself
Self-Assessment Tax Returns - 5 Things I Learnt Doing It Myself
I recently filled in my tax returns for the very first time. In this video, I will share the 5 things I learned while doing my self-assessment tax returns!
I'll be covering how claiming expenses work, using the Rent-a-Room and Property Allowances in conjunction with one another (Rent a Room and Property Allowance together), and another tax expense that I didn't consider before going into this.
Chapter Information (Self-Assessment Tax Returns - 5 Things I Learnt Doing It Myself):
0:00 Introduction
0:36 My Tax Situation & Side Hustles
3:33 Tip 1: Expenses
4:49 Tip 2: Rental Income (Rent a Room & Property Allowance)
7:35 Tip 3: Ask HMRC
8:53 Tip 4: Student Finance
9:37 Tip 5: Trial and Error
🔹 Side Hustle Tax: • Second Income Tax Explained UK (Side Hustl...
🔹 Tax2u Limited: / @tax2ulimited
🔹 Gov.UK: https://www.gov.uk/tax-compliance-checks
DISCLAIMER: Any advice or statements perceived to be advice given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice.
You are fully responsible for your financial decisions. If you are in need of any Financial Advice, please seek out a professional advisor. If you are unsure of how to do this, please feel free to reach out to me and I am more than happy to guide you.
#Tax #SelfAssessment #SideHustle