UK Landlord Forum / Life

I am considering moving my portfolio to a company which will be buying residential properties to let, so I believe this is classified as a Property Investment Company, so not a trading company.

I have scoured the internet searching how to relieve pre-letting expenditure I have made on one of the properties of around £8k, but can only find pre-trading expenditure which is allowable for up to 7 years pre-trade.

Can someone please advise if I can relieve this expenditure in the same way a trading company can and if the expenditure invoices must be in the company name and not my personal name.

Thanks

I'm not sure I understand. Will the Property Investment company be owned by you?
Have you ever let any of your portfolio?

Hi

Yes it will be owned by me and I have let my properties, they are currently let

In which case the "pre-letting" expenditure is claimable by you, not the company. The company didn't spend the £8k, you did.