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Where Taxpayers and Advisers Meet

Refurbishing tax treatment

paultilling
Posts:17
Joined:Tue Feb 19, 2013 11:51 am
Refurbishing tax treatment

Postby paultilling » Sun Jan 14, 2018 2:27 pm

I have refurbished a flat. I was letting it before. I now let it out again.
I vaguely recall that tax is treated differently if the property was let out immediately before it was refurbished and that certain items can be set against previous income but some can only be used to reduce capital gains on future sale.
I would be most grateful if someone could advise me about this, or tell me where I can find out about it.
Many thanks in advance!
Paul

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