FredBloggs
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I'm trying to do my tax return for 2007. As I've a rental property I got a self assesment form for the first time this year.
Looking through the form last night it seems I've to pay prelimary tax for 2008 either 100% of my 2007 income tax liability or 90% of my 2008 income tax liability. I'm a PAYE worker so I assume the preliminary tax is only in respect of my extra rental income?
I know its early days yet but I was very last moment with my return last year and don't want a repeat!
Looking through the form last night it seems I've to pay prelimary tax for 2008 either 100% of my 2007 income tax liability or 90% of my 2008 income tax liability. I'm a PAYE worker so I assume the preliminary tax is only in respect of my extra rental income?
I know its early days yet but I was very last moment with my return last year and don't want a repeat!