Good evening
Thank you for taking the time to read my question.
I have 1 BTL property which does not generate a huge income.
For the year 2015/16 tax return, I had to replace the driveway as it had finally become worn out and dangerous, with holes beginning to appear. It was replaced like for like and was not assessed as repairable by 2 builders as it is concrete.
I contacted Inland Revenue, who advise to place the total repair cost in the property repairs and maintenance section.
I may have have made a mistake, but that is what I did.
This resulted in my expenses exceeding my rental income.
The carry forward was £1,362 as on my tax summary is detailed in box 43 of that return.
Forever behind, I am just completing this years return.
May I ask if that amount can be offset against the 2016/17 tax year.
If so where would I input that figure?
Many thanks
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