Hi All, I am new to this forum so please excuse me.
I have property1 transferred to wife only (lower tax band) in July prior to that it was tennant in common how would I file the tax return? Split into 50:50 for Apr- June and rest she can submit under her name ? DO I have to.mention anything in notes section of tax return explaining?
Property 2 my residential home which I decided will sell later when I bought my new house but since it seemed to be working well so decided to continue renting for now.
I have spent lot on property 2 such as new Windows, new central heating, fitted wardrobes etc over the last 2 to 3 years and bathrooms were only replaced at the beginning of tenancy as repairs for bathrooms would have cost me more if I had kept bathrooms in original.
I also had to pay 3% additional on new house Guess I can not expense that anywhere unless I sell property 2 and claim back?
Could you please assist here what i can/can't claim any of above ?
regards
I have property1 transferred to wife only (lower tax band) in July prior to that it was tennant in common how would I file the tax return? Split into 50:50 for Apr- June and rest she can submit under her name ? DO I have to.mention anything in notes section of tax return explaining?
Property 2 my residential home which I decided will sell later when I bought my new house but since it seemed to be working well so decided to continue renting for now.
I have spent lot on property 2 such as new Windows, new central heating, fitted wardrobes etc over the last 2 to 3 years and bathrooms were only replaced at the beginning of tenancy as repairs for bathrooms would have cost me more if I had kept bathrooms in original.
I also had to pay 3% additional on new house Guess I can not expense that anywhere unless I sell property 2 and claim back?
Could you please assist here what i can/can't claim any of above ?
regards
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