Hello
If its my first year of renting a property (July 2011 - April 2012 tx year)and i made a loss of £1500 - Do you need to declare this via a Self Assessment Self return. The HMRC website suggests you have to declare if you rental profit was £2500 or above but i see no info on what to do if you have made a loss during the year
Any help would be greatly appreicated
If its my first year of renting a property (July 2011 - April 2012 tx year)and i made a loss of £1500 - Do you need to declare this via a Self Assessment Self return. The HMRC website suggests you have to declare if you rental profit was £2500 or above but i see no info on what to do if you have made a loss during the year
Any help would be greatly appreicated
