I had investment property rented out until July 2006. I then put it on the market. It failed to sell.It was costing me in mortgage repayments so
I've decided to let it again.I spent money on it re-furniture and fittings.
This money was spent in 2006 but my new tenant is not moving in til
next week(2007).When making 2006 tax returns do I (a) claim for this expenditure even though house was empty or (b) wait to make the claim in 2007?
Regards,
ardman
I've decided to let it again.I spent money on it re-furniture and fittings.
This money was spent in 2006 but my new tenant is not moving in til
next week(2007).When making 2006 tax returns do I (a) claim for this expenditure even though house was empty or (b) wait to make the claim in 2007?
Regards,
ardman