waihocchan

Thank you for your reply. So is my understanding is correct that the expenses as stated in my above post are deductible as they are solely for rental business and are not capital expenditure?

I purchased a freehold house in April 2023 for the purpose of letting it out. The property has been rented out since June 2023. The house was sold to me with vacant possession. Before letting the house, I incurred various expenses for services including (a) tidying the gardens, (b) cleaning the property, (c) getting keys cut, (d) obtaining an electrical certificate and making necessary repairs, (e) repairing the security alarm, (f) conducting gas safety checks, (g) paying council tax, electric, and gas bills during the vacant period, and (h) making various repairs in the house, among others. The house was purchased at market price, and it was not in a derelict or run-down state when sold. Therefore, I understand that these expenses should not be considered as "capital expenditure" and should be allowable deductions in the self-assessment. I would appreciate confirmation if my understanding is correct. Many thanks.

I currently have four properties for rent in UK. Recently, I have purchased an additional property for rent. The exchange date was on 5 April 2024 while the completion date will be 18 April 2024. On the exchange date of 5 April 2024 (last date of fiscal year 23/24), I purchased the landlord insurance for that additional property. May I know if the insurance expenses for that additional property will be regarded as deductable expenses? f yes, may I know if it should be reported in the 23/24 self assessment or in 24/25? I used cash accounting in previous years of self assessment. For the field of "Number of Property to rent" in 23/24 self assessment, should I put "4" or "5" in the return? Thank you.