0:43 AM, 1st July 2022, About 2 months ago 4
My daughter is living, rent-free, in my last remaining BTL, a leasehold flat. Decided that with all the additional legislation coming to get out of the PRS.
In 2021-22 I did not rent out the 2nd bedroom due to worries re Covid and having eventually managed to remove my daughter’s flatmate from hell.
I am still liable, as owner, for the monthly service charge and any additional repairs/exterior and communal maintenance.
1. Can I claim these expenses as allowable expenses to offset against income for 2021-22? I am also a freelance editor and now a state pensioner with a minuscule private pension which didn’t perform as I hoped it would.
2. Tax year 2022-23 the 2nd bedroom has/will be spasmodically rented out, either as a short excluded occupancy (1-8 weeks) or for odd nights to visiting actors coming to London for auditions/rehearsals/the odd performance or film shoot etc.
Can I offset the monthly service charge, any additional repairs/exterior and communal maintenance plus laundry/cleaning against income?