Rental tax forecast note

This forecast is for __________________, owned by __________________, for the tax year __________________. It was prepared on __________________. The rate assumption comes from __________________, published or updated on __________________. Its status is __________________.

Gross receipts are expected to be £__________________. Allowable operating expenses are expected to be £__________________. The adviser’s taxable property profit is £__________________. Finance costs and the applicable reduction have been considered as follows: __________________. Other income, allowances and losses affect the calculation as follows: __________________.

The adviser’s tax estimate is £__________________. Compared with the forecast dated __________________, the change is £__________________. The reason for that change is __________________. Cash after actual operating costs, finance payments and tax is expected to be £__________________. Capital repayments and capital spending have been treated as follows: __________________.

The next payment dates and amounts are __________________. The person checking the complete calculation is __________________. The next review is due on __________________, when __________________ will check the final legislation and the assumptions still being used.

This is a working note for discussion with a tax adviser. It does not calculate tax or establish eligibility for a relief.