Susanna Simmons

I have a new holiday let which is likely to qualify for FHL status by the end of the 24-25 tax year. My first rental began on 30/3/24 First payment received 4/5/24 For which year should I submit my first self assessment ? Also I'm being encouraged to spend a considerable amount on professional fees to submit a claim for embedded capital allowances by April 2025. I'm very unclear about whether I can just include these my self in my 24-25 tax return under capital allowances ? thank you

I have a new holiday let which has just qualified as FHL due to number of days let. Have had conflicting information on self assessment. First night let: 30/3/24 First income received from management company 4/5/24 Do I submit self assessment for 6/5/24-5/4/25 and include pre-start up costs to include capital allowances and allowable expenses ? Repairs, renovations incl new kitchen, heating,lighting,carpets,furnishings & furniture etc amounted to around £50k which I assume are capital allowances? I’m also been chased by companies to claim ‘embedded capital allowances’ for which they’d like to charge me around £3k. Is this not something I can do myself and is there any help sheet / advice please about what this would include? Thank you