Property Income (SA105)

What is Form SA105?

This is a supplementary form used to report to HMRC any income received from property. It is submitted alongside the main SA100 tax return and any other required forms.

Whether an individual owns a single property or several, this form must be completed to declare all income and related expenses arising from those properties. 

What does Form SA105 cover?

Form SA105 generally covers three main categories of information:

1.     Detail of all properties owned, including those used for business purposes and any that jointly owned with another person.

2.     Furnished Holiday Lettings (FHLs) situated in the United Kingdom or within the European Economic Area (EEA). A separate page must be completed for UK FHLs and for those located within the EEA.

3.     All property income and the related allowable expenses incurred during the tax year must be included on this form.

What are Furnished Holiday Lettings (FHL) and the European Economic Area (EEA)?

  Furnished Holiday Lettings (FHL):
A furnished holiday letting in the United Kingdom is a property that is furnished, let on a commercial basis with the intention of making a profit, and meets specific availability and occupancy conditions as defined by HMRC.

·  European Economic Area (EEA):
The European Economic Area (EEA) consists of the Europe, Iceland, Liechtenstein, and Norway. These countries participate in the European Union’s single market.

DTax Filer offers a simple and reliable way to complete and submit your Self-Assessment tax return and supplementary forms effortlessly. Just enter your data, and the system will automatically calculate your tax. Start today to ensure your submission is accurate, timely, and stress-free. If you have any questions, use the chat box or email us at support@dtaxfiler.co.uk

To  Submit your SA105  click here