Odd tax self assessment question | Discuss

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Odd tax self assessment question
09/01/2019
2:31 pm
elljay
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19/03/2015
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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.

Any thoughts on the best strategy?

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