Property repairs and maintenance cost is higher than income from property?

Hi, I have let my property via an agency and the tenancy started March 2024. Before that, in order to get the property registered and licensed with the council, I have to fix the roof/ceiling, etc. with the cost run in total of more than 12k. However, as the property was let in Mar 2024 so the total rental income for tax year 2023/2024 is only 2k. I tried enter those figures in my tax return and the form does not like it and displayed: WARNING: This figure is high in relation to 'Total rents and other income from property'. Property repairs and maintenance: (optional) WARNING: Please check and amend the entry below. What should I do in this case? Should I put all the property repairs and maintenance done in Tax year 04/2023-03/2024 in to the next tax year return instead? If so, do I need to declare property income for 2023/2024 as it is less than threshold of 2500? Thank you

Hi,
Thank you for your question. Without seeing the screen and box numbers on the SA105 UK property page that you are referring to I cannot give a definite answer. However, the issue may be that you need to declare your rent received in box 20 and expenses in the relevant boxes. As there is no profit you would not include a figure in box 38 or 40, the adjusted loss (rent – expenses) would go in box 41; and 43 if you are carrying this forward to the following year. More information can be found in the UK Property Notes
UK Property Notes (publishing.service.gov.uk) page 10.
If you are still getting an error message please contact our online helpdesk
Self Assessment: online technical support - GOV.UK (www.gov.uk)
Thank you.