Are old expense receipts still valid and claiming past capital expenses?

by Readers Question

9:17 AM, 23rd February 2021
About A week ago

Are old expense receipts still valid and claiming past capital expenses?

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Are old expense receipts still valid and claiming past capital expenses?

Hi, I have found some old maintenance/repair (not improvement) receipts for my BTL property which date back to 2012.

My first question is: can I use them on my next self assessment tax return or have I lost out because I can you only claim for payments made in the same financial year?

Secondly, when selling a BTL property does anyone have any advice as to the best way of documenting the cost incurred for improvements over the years so as to correctly claim against CGT and also be ready should the tax man want evidence (does this ever happen?)

Many thanks.
LP

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