PickerUpper
Registered User
- Messages
- 12
After renting out our apartment for the last ten years, our last tenant left last week ( quietly, cleanly and three months early!).
We're now cleaning it up to sell asap.
What expenses, if any from the clean up and sale process can we claim for against rental income for tax?
We'll have to do a full return for 2019 as normal, but income for 2020 will be only one month's rent and the full sale value.
We'll probably use the same accountant as previous years but I'll keep my receipts if I can claim them.
We're now cleaning it up to sell asap.
What expenses, if any from the clean up and sale process can we claim for against rental income for tax?
We'll have to do a full return for 2019 as normal, but income for 2020 will be only one month's rent and the full sale value.
We'll probably use the same accountant as previous years but I'll keep my receipts if I can claim them.