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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I have a limited company which in year ended 30/04/17 only

Resolved Question:

I have a limited company which in year ended 30/04/17 only had income from a rental property.
Previously there was income from another scource.
Can I still claim expenses in the accounts other than those that relate to the let property.
Submitted: 20 days ago.
Category: Tax
Expert:  taxadvisor.uk replied 20 days ago.

Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.
Many thanks

Expert:  taxadvisor.uk replied 20 days ago.

Thank you for your question.

The company can claim all bonafide business related expenses in the accounts notwithstanding the fact there was income from one source only. There are general admin expenses and overheads that are deductible.

I hope this is helpful and answers your question.

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Expert:  taxadvisor.uk replied 20 days ago.

I thank you for accepting my answer.

Best wishes