Looking for some advice. I have one rental property that has been void with no income for over a year.
Looking at the self-assessment tax return (SATR) section (which I’ve been doing for years) it looks like I might need to have some income to keep it ‘live’ on the books for next year (when income expected).
I’m not looking for a dodgy basis to claim expenses or even to build losses to carry forward. I have had to spend several £000 refurbing (not improving) which I would hope to claim against future income – and wonder if it’s better to not include the rental supplement section in this years SATR but don’t know if that will present a problem next year.
I could claim I had a notional £500 income in the year (I know I would be taxed on it) but that would keep continuity.