Ching Tse

I rented out my property Aug-23. Question: Should I include the rent between Aug-23 and Mar-24 in my self assessment income? I received 1-year (Aug-23 to July-24) rent last Aug-23. Question: Should I include all 12 months rent as my income? Thank you

Hi, Thank you so much for your reply. I have some more questions need your help. 1. When I bought the new house, I spent money to install carpet, tile, curtain and spare keys for my tenant. It is because there are no flooring and no curtain in my new house, and there are just a few tiles in bathroom and kitchen. Question: Can I claim the above expenses (Flooring, tiles, curtain and spare keys) as a relief? 2. I paid the fee to have service from a solicitor for buying the new house. Question: Can I claim the solicitor fee as a relief? 3. I bought Landlord Insurance and electric applicant insurance for the new house. Question: Can I claim the insurances as a relief? 4. After I bought the new house, I took train from London to Liverpool to monitor the progress of installing flooring and tiles. Question: Can I claim the transportation fee as a relief? Thank you.

Hi, I borrowed a loan from a bank in Hong Kong before I came to U.K. I used the loan to buy a new house in U.K. after arrival U.K. I let out (rent) the new house. The rent is used to pay the loan interest to the H.K. Bank every month. I need to pay interest of the loan from the bank. As it is an expense of renting out the new house, I would like to know if I can reduce my tax revenue (rent) from my new house in self assessment. Thank you.