Hi
Anyone done a Let Property Campaign disclosure?
Did you claim wear and tear allowance?
Normally an election has to made "on or before the first anniversary of the normal self-assessment filing date for that year."
So I asked the guy if the basis for preparing this was a) Put yourself at the correct time for the calculation and do it or b) Income minus allowable expenses.
The notes talk about carry forward of rental losses so that appears to put us in "a". But I suppose that doesn't involve an election.
Any ideas?
Regards
Rob
Replies (4)
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I've always claimed it on back taxes claims.
Then again, I didn't know enough to know there was a time limit in the first place.
Ignorance being bliss and all of that.