Tax deducible costs following renting to pay for care home?Make Text Bigger
Two years ago my Nan, who had dementia, went into a care home. In order to help pay for the care home we (her family) decided to rent out her home, which she was the sole owner of.
My mother had Power of Attorney so was able to act on my Nan’s behalf. The tenants moved into my Nan’s house 15 months ago and my Nan wasn’t a landlady before this.
Various necessary costs were incurred refurbishing my Nan’s home ahead of it being rented out. These costs were borne by my mother. Any money that my Nan had was being used to pay the care home fees. Some of these costs were, to the best of my knowledge, tax deductible.
Unfortunately Nan died 2 months ago.
My question is whether my mother, the new owner of my Nan’s home, and so now a landlady, will be able to use these costs, that she incurred, to reduce her tax?
Apologies if this is a silly question, I’m just trying to sort Nan and Mum’s tax out correctly.
Thanks in advance
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