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  • RE: Expenses from previous/next tax year?

    Hello, thanks for your reply. My problem is that in year tax 2023-2024 (March) I would be paying for the management costs for tax year 2024-2025 (from April onwards). And similarly I paid in last tax year (March) for the management costs for this tax year (April to September). Can I ignore this? Should I just claim all the expenses incurred this tax year independently from the period of the service paid for? Thanks, regards.
  • Expenses from previous/next tax year?

    Hello, For the first time I am completing the tax calculation from rent income of my residential property, and I need to include maintenance costs from the management company. The problem is that the management company gets paid and give invoices with a different cadence compared to the UK tax year: In March I pay for the period April-September. In September I pay for the period October-March. This means that in the tax calculation for year 2023-2024 I should claim what I paid in March 2023, still in the previous tax year. Can I do this? Or I should claim the expenses paid in March 2024, even if they refer to a period in tax year 2024-2025? Please help. Thanks and regards, 

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