Sign up to get our free landlord tax strategies

To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Seven FREE property tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

How to amend previously submitted tax returns?

Question I forgot to include some expenses on my last tax return. Can I include them on next year's return even if they were for last year?

Ian Says

You can only include expenses for the tax year in question on that year's Return, subject to the pre-trading expenditure rules.

Your solution is simple - redo the Tax Return for the year in question and submit an error or mistake claim with the revised Tax Return for the year in question.

Be prepared for the Revenue to ask for backing details for the entries on your Return and they may open an enquiry into the Tax Return on the basis they suspect your record keeping is not up to scratch.

Dependent on the time frame it is open to the Revenue to accept or reject your claim as they see fit. If it is within the time limit for amendments to that year's Tax Return then there is no need to make the error or mistake claim, merely submit a revised Return and a letter saying why you are doing it.

If you are past the time limit for amendments, then the Revenue have the power to accept or reject the claim as they see fit.

Usually they will accept the claim on the basis of being 'fair' to taxpayers.

Case Study

Landlord Tax Secrets Get our SEVEN FREE Landlord Tax Saving Strategies - Guaranteed To Slash Your Property Tax Bills!
Click here for more.

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question