Raj

Hi- my flat was on rent but from April it will e vacant as I plan to sell. However, I would still incur costs (such as ground rent, management fee etc) April onwards. So can I offset these costs from April 24 onwards against previous years income?

Hi- apologies but this is inconsistent with the advice given over telephone. I was told given the rental income is 1025 and “net rental income” would be much lower, we should cumulatively file this for FY 2024. I currently do not file tax returns so would appreciate if you could recheck.

Hi- I jointly own a rental propert with my husband. We have rented the property from mar 1st this year. I currently do not file tax returns. The rental income (my share) is 1025 gbp for financial year. (As it is only one month rent). Rental profit would be much lower. Am I ok to file the tax return from next fiscal year or should I do it from this year? If I do it from this year, we were paid the rent for 1st 3 months in advance, so can I include that in my March rent for return purposes