expenses
12 posts • Page 2 of 2 • 1, 2
Re: expenses
by Peter D on Thu Jan 12, 2012 4:18 pm
Your rental income is completely seperate from your editorial income. However the links, depending on that you have done to the property may not even be revenue items and it may all be capital in nature. You need to read the links again. I know it is not clear cut but try. Regards Peter
- Peter D
- Posts: 9030
- Joined: Wed Aug 06, 2008 3:37 pm
Re: expenses
by King_Maker on Thu Jan 12, 2012 6:50 pm
Property expenses can only be set against property income, or CGT when the property is disposed of.
It is important to distinguish between revenue expenditure and capital expenditure.
If the allowable expenses are greater than the rent, the loss is not relievable against any other source of income - Furnished Holiday Lets used to be the exception before 6 April 2011.
It is important to distinguish between revenue expenditure and capital expenditure.
If the allowable expenses are greater than the rent, the loss is not relievable against any other source of income - Furnished Holiday Lets used to be the exception before 6 April 2011.
- King_Maker
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- Joined: Wed Aug 06, 2008 3:22 pm
12 posts • Page 2 of 2 • 1, 2
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