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Posted Wed, 06 Apr 2022 10:28:14 GMT by philrosenberg
I'm filling in my tax return for residential property. I had a number of expenses that I had thought would fall under Annual Investment Allowance (generally tools and equipment). However, as I'm using cash basis, I cannot put them in that box. Where do they go on my tax return?
Posted Fri, 08 Apr 2022 11:57:54 GMT by HMRC Admin 10
Hi

Yes as long as they are wholly and exclusively for the rental property they can be claimed as other property expenses.

Thankyou.

Regards.

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