Profit / loss?

[Tuli666]

Hello,

I bought a buy to let end of Feb 2018 but did not start renting it until the 09.04.2018.
I am now doing my tax return for 17-18 and I am not sure how to proceed as I did not make any profit in that tax year however I did have a lot of expenses.
Do I claim a loss? I wouldn't want to lose of the tax benefits of my expenses just because I started earning a few days after the tax years started.

Many thanks in advance,

T

[robbob]

Generally speaking a property income source doesn't start till the property is first let, this being the case there is nothing to enter on the 2018 tax return.
This being the case any allowable startup expenses prior to 6/4/2018 will be claimed on 5/4/2019 tax return.

https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2505

[Tuli666]

Thanks very much! very helpful.