General Expenses Question ( rented prop )

FieyrP125

The direct.gov website lists the following as allowable expenses:

letting agent's fees
legal fees for lets of a year or less, or for renewing a lease for less than 50 years
accountant's fees
buildings and contents insurance
interest on property loans
maintenance and repairs to the property (but not improvements)
utility bills (like gas, water, electricity)
rent, ground rent, service charges
Council Tax
services you pay for, like cleaning or gardening
other direct costs of letting the property, like phone calls, stationery, advertising

and

For furniture and equipment provided with a furnished residential letting (excluding UK furnished holiday lettings) you can claim a 'wear and tear' allowance. The allowance is 10 per cent of the 'net rent' - this being the rent received less any costs you pay that a tenant would usually pay

Questions:

1. Are there any other allowable expenses not covered above?

2. Can petrol expense be deducted? Would I have to have petrol receipts to back this up? Trouble is, I dont just put petrol in my car to travel up to the property - it is already in! Is there an allowable amount you can put down?

3. Regarding the 10% wear and tear. If my rent is £500pm ( £6000pa ) I can decuct £600 of this as an expense? The tenant pays utility bills, etc. Is that correct?

4. Is a replacement boiler considered an improvement or repair? What about intergrated kitchen appliances which have been replaced?

5. With my agreement, my tenant got friends to repair the garage roof and part of the house roof - as this would be much cheaper than calling in a professional. They billed her, she paid and she showed me ( and I kept ) the receipts. I subsequently gave her the money. Problem being these are just what you would expect from an ordinary person - a piece of paper detailing the work, date and cost. Not like it is on a letterhead. Can I deduct these works as an expense? I have paid for them. Does it make a difference that they are not on letterheaded paper or they are made out to the tenant?

Please advise

silvercar

1. Are there any other allowable expenses not covered above?If you can think of something and the revenue accepts it.

2. Can petrol expense be deducted? Would I have to have petrol receipts to back this up? Trouble is, I dont just put petrol in my car to travel up to the property - it is already in! Is there an allowable amount you can put down?40p a mile for the first 10,000 miles then it drops to 25p (?)

3. Regarding the 10% wear and tear. If my rent is £500pm ( £6000pa ) I can decuct £600 of this as an expense? The tenant pays utility bills, etc. Is that correct?Only if it is let as a furnished property.

4. Is a replacement boiler considered an improvement or repair? What about intergrated kitchen appliances which have been replaced?repair unless you are vastly improving ie replacing an unfitted kitchen with a fitted one.

5. With my agreement, my tenant got friends to repair the garage roof and part of the house roof - as this would be much cheaper than calling in a professional. They billed her, she paid and she showed me ( and I kept ) the receipts. I subsequently gave her the money. Problem being these are just what you would expect from an ordinary person - a piece of paper detailing the work, date and cost. Not like it is on a letterhead. Can I deduct these works as an expense? I have paid for them. Does it make a difference that they are not on letterheaded paper or they are made out to the tenant?Not really, its still an expense.

On the last point, the revenue could query it if it though it unreasonable. If the amount makes sense it should be accepted.

Kool_Katty

Can you deduct Accident, Sickness & Unemployment cover? Like you can with B&C?