I am trying to file my self assessment myself for my rental property. Does anyone know how to add the deductions from the work ive had done on the property? Can seem to find how to add it. Apologies if this isnt the right platform but getting a bit stressed about it.
Thank you
Depends what work you have done. There should be a section for repairs. You can only claim for repairs, if you have added something or improved something thats a capital expense which you would deduct when caculating capital gains tax when you sell it. You cant claim that against income tax. If its improvement you can claim upto value of original item.
Thank you for the reply. All deductions are repairs, just can’t seem to find a repairs option.
you doing this on paper or online?
On paper, Box 25 on the SA105 is typically for “Property repairs and maintenance”. In practice though, as long as your total allowable expenses are there somewhere, that’ll do.
Im doing it online. Ill be having a look tomorrow thank you for your reply.
It’s more straightforward online as far as I can remember from last year. There aren’t box numbers like on the paper version.