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Sam, Accountant
Category: Tax
Satisfied Customers: 7512
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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I read that pre letting landlord expenditure is an allowable

Customer Question

I read that pre letting landlord expenditure is an allowable expense, depending on its nature. As I was not aware of this at the time (4 years ago) this expenditure has not been used in arriving at first year's tax assessment. My first year's rental income was received two years ago. Am I too late to now bring in this expenditure as a prior year adjustment?
Submitted: 2 years ago.
Category: Tax
Expert:  TonyTax replied 2 years ago.

Can you tell me which tax year was the first tax year for which you received rental income please.