Single Tax return for 2 properties?

[Booter]

Hi,

I have 2 Residential Investment properties. I have not filed returns before (1 is only due for the first time, the other will be the subject of a different thread). I have a number of questions relating to this:

1. Do I need to file seperate returns, or will one suffice covering both?
2. Do I need to submit preliminary tax returns?
3. Do I need to fill in a Form 11 with my return, or is it a case of working out the liability, but just submitting the cheque with a covering letter?

Many thanks,

Not sure if it's relevant, but the amounts in question total only hundreds, as rent and interest etc are largely equivalent

 

[extopia]

1. You aggregate your figures on a single return.
2. You need to pay preliminary tax for 2006 if you meet the criteria for paying preliminary tax.
3. You've asked this in another thread, and yes, you need to file a form, don't submit a cheque with a covering letter.

The amount you owe is irelevant - you still need to make the return and pay the tax. Don't forget to register with the PTRB if you want to be able to deduct your mortgage interest and possibly other expenses.

 

[Booter]

3. You've asked this in another thread, and yes, you need to file a form, don't submit a cheque with a covering letter.

The amount you owe is irelevant - you still need to make the return and pay the tax. Don't forget to register with the PTRB if you want to be able to deduct your mortgage interest and possibly other expenses.

Thanks extopia,

I did ask the same question in another thread, as it seemed I wasn't getting any response to this, possibly becasue I asked to many questions- you've stepped up to the mark on both now, so thanks again.