Tax Return

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Charlotte Cc
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I am currently completing my tax return and wondered if someone could clarify something for me?
I have have been renting out a property which required work to be done to it before I began letting so I am putting all he work through as expenditure but should things like a new kitchen go through as capital spend?

In addition to this all costs relating to getting the property I.e solicitor fees, mortgage fees etc they're ok to go through? But the actual deposit needed to secure the mortgage cannot? Is that right?

Also the property is in joint names and so will need to go on both our tax returns so do we just simply split the profit 50/50 and that's what goes on tax return?

Your advise would be much appreciated.

Thank you
Charlotte
05/01/2014 20:17

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