Wemthaw
Joined: 12/27/2023
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Tax Deductible Expenses Over Multiple Years
My partner has a rental property which she began renting out at the end of October 2023. By the end of this tax year she will have been paid £6k gross, but after fees, service charges etc, and all the other expenses she had in getting the property fit for rental, like electrical certificates, EPC certificates etc, her tax deductible expenses will far exceed what her tax bill will be in this tax year. Can those tax deductible expenses be carried over to the following year, to be deducted from the tax bill for 2024-25?