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Posted Wed, 26 Jan 2022 11:39:42 GMT by J M-M
Where are my costs in 'UK Property 37 - Cost of replacing domestic items' accounted for in my tax calculations? I have replaced some domestic items, and recorded them in box 'UK Property 37 '. I expected this to be included as part of my expenses, but it hasn't. So it has not deducted it from my property Income and means that my taxable profit is higher than I expected. Where are these costs in 'UK Property 37' accounted for?
Posted Thu, 27 Jan 2022 11:20:14 GMT by HMRC Admin 2

You are correct in entering the figure here, but this then needs to be deducted from your net profit until that point and the new figure entered in box 38 and 40.

You may wish to check the correct net profit is entered in these boxes first. 

Thank you.

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