burger22a Edgar

Oh, In a difficult year where making £5.1K earnings from the property and outlaying £11.3K (5.8 maint etc. and 5.5 mortgage interest) I assume that I cannot use this deficit against my other incomes and tax liability? Seems a bit unfair that if I make a profit and income from the property rent (excluding mortgage interest) it is aligned with my other income, but if i experience a loss there is no reciprocal action.

I am compiling my self assessment online and the mortgage interest value in box 44 is not reflecting on the calculation summary before submitting. I have retraced my entries a number of times but the calculation will not show it. Any reason why this doesn't show? It had done on my previous years summaries.

I should add that the property has ben rented for a period of time.

I an selling a property which had asbestos in the roofing material, it was replaced with modern and safe materials. Is this an allowable expense against CGT as it is a particular improvement to the property and not just maintenance?

I purchased a house in North Scotland in 1999 which I lived in until 2001 when I was relocated to Devon for work purposes in the RAF. The property was then rented out with the intention of moving back there. I was accommodated in work supplied accommodation (Married Quarters - I paid rental prices) until 2008. I was unable to move back into the property as work moved me to Lincolnshire, where I purchased my new main residence. I continued to rent out the property in Scotland until 2024, which is now on the market for sale. What relief can I claim for the period of time I was in work supplied accommodation, 7 years as a percentage of CGT increase over the 25 years of ownership?

I have checked my online state pension calculation on the Gateway page, it does state that I have a forecast to receive the full state pension with the contributions made so far. However, I am led to believe that during my 23 years service in the RAF (1989 - 2012) I may have been "opted out" for one reason or another and that my NI contributions were not enough to obtain a full state pension in 2039. How can I get an accurate confirmation of my actual status and if there is a shortfall, what can I do about it? Many thanks

I have just come to the end of a long period of renting out my property, which is now on the market for sale. I rented out the property for 23 years and had a local Letting Agent managing the property. I visited the property for 1 final time to inspect, clean and prepare prior to putting on the market. I also visited the Letting Agent after the property was vacated (end of contract) to recover the keys and any relevant paperwork plus final actions following my and their inspections. Can I use this travel & associated costs against the property rental income in the FY period?

Thank you for your reply. I understand that as the rental period and income is now ceased no further costs (repairs or final maintenance work to make the property back to a good condition) can be offset against the rental income. Can I offset any final repairs, material & logistic costs against the CGT to make the property fit for sale?

In relation to the point above, would any final repairs, travel and material expenditure to "make the property" saleable when the rental is complete and awaiting sale be allowable against CGT then? Hi Ksiko, If there had been an intention to restore the property to let it out again we could consider these as allowable repairs/expenses against IFP. As you appear to have withdrawn the property from letting these outgoings/repairs will count as capital expenditure against capital gains arising from the ultimate sale of the property as they will enhance the asset and increase its sale price. Thank you.

I purchased a house in 1999 to live in with my Fiancé. The property was bought and registered to me originally. We got married in 2000, then moved out of the property in 2001 when I began renting it. In 2008 we re mortgaged the property and became 50/50 owners. The property is now being sold and the renting has finished. In order to calculate "our" shared CGT liability do we do this as a 50/50 assessment as of today, or have to work out the proportion of when I was sole owner up till 2008, then work out the individual share after then till now?