I have a client who has carried on a rental business letting three properties. One of these properties has not been let during the year 2017-18 and it possibly will not be let again as she is hoping to sell the property if planning is approved. She has incurred expenses and as I see it these cannot be treated as wholly and exclusively Schedule A expenses as the last tenacy ceased prior to 2017-18. Am I correct in thinking that although the rental business has continued during 2017-18 with the two other properties let, the expenses on the untenacied property are still not allowable against the other rental income received?
Any views on this would be appreciated.
Surtax1972
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