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Tax deductions when rental property is empty
cs0rpc
Posts: 28
Forumite
in Cutting tax
Hi,
Quick question regarding a potential over payment of tax.
I have a flat that I rent out which moved to a BTL mortgage in late March 2016 and went up for rental at that time. It wasn't rented until June, during which time I covered council tax, service charges, etc. In my tax return for that year, I did not include those as deductable items. As I understand, I probably should have done. Please can anyone confirm?
Thanks,
Rob.
Quick question regarding a potential over payment of tax.
I have a flat that I rent out which moved to a BTL mortgage in late March 2016 and went up for rental at that time. It wasn't rented until June, during which time I covered council tax, service charges, etc. In my tax return for that year, I did not include those as deductable items. As I understand, I probably should have done. Please can anyone confirm?
Thanks,
Rob.
0
Comments
-
It depends. If you lived in the property before you let it, the answer is no. The date of the change to a BTL mortgage is irrelevant in determining when the letting business began. See https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2505
If you consider, after reading the link, that the expenses should have been allowed, you will have to write to HMRC, as it is too late to amend a self assessment for 2016/17.0
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