Property allowable expenses

Hello, my spouse and I owned a letting out property with 50/50. The total expenses in the year 22/23 was more than 2000 GBP. I would like to clarify: can my spouse claimed the 1000GBP property income allowance and I claimed the total amount of allowable expenses in my self assessment ? Thank you.

Hi,
 

Thank you for your question. As the property is owned jointly you both  dealt with individually for tax purposes. You can therefore claim whichever is most beneficial for yourselves. One owner can indeed claim the £1000 property income allowance and the other owner claim expenses. I have attached guidance explaining in general the property income allowance. See PIM4410 : Property Income Manual  . Thank you

Thank you very much for your reply. I would like to further clarify our total property allowable expenses is 2500GBP for the tax year 2022/23, can my husband claim the 1000GBP property income allowance while I claimed all 2500GBP allowable expenses ? Thank you.

Hi HKger2102,
Thank you for your further question.
In the example you have given, and taking into account that you have previously stated that the rental property is jointly owned with your spouse then any property expenses would be split 50/50 as would the actual rental income.
If the allowable expenses were 2500GBP then you would both claim 1250GBP each.
This is because claiming the actual expenses incurred (1250GBP) would be more beneficial than each of you claiming the 1000GBP property allowance.
You cannot claim the property allowance as well as any allowable expenses.  
Thank you. 
 

Thank you very much for your clear explanation.