Nicole Smith

Registered with
Thursday 5th September 2013

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Total Number of Property118 Comments: 1

Nicole Smith

8:52 AM, 5th September 2013, About 8 years ago

Pay less tax by claiming pre-letting costs

I remortgaged my family home last year to let to students and before renting it I spent about £10k on replacing the kitchen, bathroom and central heating. I also spent some money on bringing it in line with HMO regs.
I was under the impression that I would be able to offset these costs as pre letting expenses but my accountant says that this isn't allowed because the property was my family home.
Has anyone else any comments surrounding this subject please ?... Read More