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Corona - Landlords self employed?

HMRC says so

Didn't find your answer?

Following the chancellors announcement that a self employed scheme would be available a client emailed me and took great delight in telling me that he had phoned HMRC to be advised that as an HMO landlord he was self employed and could claim.

I've not read anything that confirms this since... have you?

Nothing on National Landlords Association website or Residential Landlords Association

Replies (16)

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By peterpaice
29th Mar 2020 13:51

sounds like ball to me

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By Accountant A
15th Jun 2020 20:30

=
0u

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By I'msorryIhaven'taclue
29th Mar 2020 15:23

What about a blt partnership?

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Replying to I'msorryIhaven'taclue:
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By Accountant A
15th Jun 2020 20:30

=0 ui

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Replying to Accountant A:
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By I'msorryIhaven'taclue
29th Mar 2020 22:54

Oops, I meant Bacon, Tomato, and Lettuce.
🍔

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By peterpaice
29th Mar 2020 15:44

id say 99% of any structure of property rental will not be a trade for self employment purposes - good luck explaining it to clients though

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Replying to peterpaice:
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By Accountant A
15th Jun 2020 20:33

-9u

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By JimLittle
29th Mar 2020 15:50

Next question will be directors of limited companies with a Rental property business will be employees and can be furloughed

I can't see how landlords would be considered as self employed in any way. The government has taken a dislike to landlords and never in million years will give them free cash.

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By lesley.barnes
29th Mar 2020 16:11

Will your client be letting his tenants live in his properties for free whilst claiming for self employment. No I thought not he will be expecting to collect his backdated rents when this is over.

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x
By rockallj
29th Mar 2020 17:18

Landlords in the main are not self-employed. Unless the income is from a trading partnership and chargeable to Class 2 & Class 4, it is investment income.

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By Richard Grant
29th Mar 2020 17:36

Do they declare their income as Self Employed or Property income?

I have a client who has a residential park and trades as such ie an unincorporated business. The actual issue is will they suffer a loss that can justify a claim? Probably not.

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Replying to Richard Grant:
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By Accountant A
15th Jun 2020 20:30

=-u

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By unearned luck
30th Mar 2020 00:17

I offer faint hope.

HMRC consider certain landlords to be "self-employed earners" and thus liable to pay class 2 NIC. See https://www.gov.uk/hmrc-internal-manuals/national-insurance-manual/nim23800.

Would such landlords who have (or should have) paid class 2 NIC be self-employed for the purposes of the SE support scheme? My guess is 'no' as I expect the IT definition of carrying on a trade, professional or vocation will be used in the law. But we shall have to wait for the law to be published, for the definitive answer.

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Replying to unearned luck:
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By SXGuy
30th Mar 2020 10:47

My guess is, they should be, they can not ask these people to pay Class 2 NI and in the same breath say, they are not self employed. Well they could, but id be very surprised at the excuse they use to justify either.

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Scooby
By gainsborough
30th Mar 2020 12:11

On Gov.uk, wording has now changed from "you are eligible if you are self-employed" to:

Eligibility
You are eligible if you are due to pay your second self-assessment payment on account on 31 July. You do not need to be self-employed to be eligible for the deferment.

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Jennifer Adams
By Jennifer Adams
31st Mar 2020 17:44

Gainsborough is right.

But the concern is that HMRC are telling clients that they are self employed and therefore will be entitled to claim.

It should be made by HMRC that they are not. Poss they will when the detail is published.

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