Claiming expenditure

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charlie_164
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I have recently bought a property to rent out whuch has required considerable expenditure to modernise it. My accountant says that I cannot offset any of these expenses against my profit, only expenses incurred once the property is let. I have one other rental property so can I argue that the expenses are incurred by the rental business overall and not just the individual property?
15/09/2007 00:00

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