I only became a landlord in April 2014. So was not planning to put in a tax return for 2013/2014.
However, I understand that I can put in service charges and ground rent of the leasehold property down as an expense against rental income in future tax returns.
We paid £800-odd in service charges and rent at the time of completion, before tenant started paying - March 2014.
So, should I put in a tax return before this month's deadline for this £800 as a loss?
So that the £800 loss can be offset against the rental profit from 2014/2015?
However, I understand that I can put in service charges and ground rent of the leasehold property down as an expense against rental income in future tax returns.
We paid £800-odd in service charges and rent at the time of completion, before tenant started paying - March 2014.
So, should I put in a tax return before this month's deadline for this £800 as a loss?
So that the £800 loss can be offset against the rental profit from 2014/2015?
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