Brook100

Thank you for your response. My pre-letting expenditure for the business is higher than my rental income for the 2023/24 tax year, as it has only been let for a few months. With this in mind, do I still need to submit a self-assessment tax return for the rental income?

I was granted probate in December 2022 and have inherited a leasehold property which has been let out since November 2023. In the time in-between, I was having refurbishment works done to prepare the property for rental, which I know is a capital expense. Can I, however, claim the expenses incurred by ground rent, service charges and utility bills utility bills I incurred prior to tenancy start (between December 2022 - November 2023) against my rental income for the 23/24 tax year?