Allowable expenses, will someone check them please!

shamac

Holiday let, which is let year round. I do all the paperwork, tax stuff etc (and some of the cleaning,maintenance.)
Am about to do my SA for the letting, this is my list of allowable expenses-any that i need to get rid of, that are a bit dodgy or am I missing anything?

Rent, repiars and insurance
Insurance £676
Water Rates £382
Tv Licence £145
Replacement items (broken stuff) £175 (have receipts for new)
Repairs £140 (boiler broke)

Legal and management fees
Cottage company commission £175 (they take a %)
Ebay Fees £610 (we sell short breaks on Ebay)
Phone/broadband £536
Gas £915
Electric £539
Cleaning products £195 (have receipts)
Service Washes £138
Home Laundry (this im not sure, I have washed for 40 changeovers which is approx 200 wash loads and ironed them) How much can I claim for this? Have said £200 =£5 per changeover
Mileage £1856 (40p per mile x 80 miles x 58 bookings)

Loan Interest and financial costs
Mortgage Interest £7322
Paypal Fees £185 (from selling short breaks on Ebay)

Income £17262 (all bookings)
Expenses £17021

Is this ok? Anything you would change? I have rounded all the figures here, I have them to the penny. The house is joint owned with my husband-do I split the figures in half between the two of us? (he also does SA).

John_Pierpoint

Council tax?
Dates actually let - rules changing to eliminate hobby businesses.

CLAPTON

you can't claim for your 'home laundry' if they are done by you (you get the profit instead.); you can claim for the washing powder of course

chrismac1

This is a 50-50 split with your husband. Expenses I'd normally expect to see which are not on the list are subscriptions, advertising (is this just purely e-bay) and possibly website, postage and stationery. On the home laundry front, I'd have said the cost of the electrcity and washing powder was a genuine business expense - most clients around here use laundry companies for example and there is no question their invoices are claimable. £5 seems on the high side for this, but we are haggling over the amount and not the principle.

creditcard123

You are claiming for gas and electricty is this only for the rental property?
Where do you do the laundry if it's at the rental property then you have already claimed on G&E but you can put something through for your time- If you do laundry at your home then you can claim a proportion of your personal G&E
There is also phone/broadband chgs are these for the rental property or private if they are private you should only claim a proportion - i.e all the mobile plus a % of home phone/broadband chgs
You can claim an admin chg for your time which would take in postage, stationery, book keeping and your time
It will be split 50/50 with husband if you are using a software package to lodge your SA then there may be a 50/50 split button which you could just tick I know Iris has this but not sure about any others.

HTH

shamac

To clarify:

Don't pay council tax but business rates, 100% exemption so its nil.

All gas/electic/broadband/phone are solely for the house.

It was let 358 days a year (last year it was empty for exactly 7 days).

Had forgotten fee for adding to website, thanks!

Re:the laundry. I do this at home. It is 6 loads of washing, powder is in the "cleaning materials" list, so hot water, electric plus about 1 and half hours ironing. IF the launderette does it it costs me £30ish, so is £5 too much? I thought I was erring on the low side there? I am claiming £5 per changeover not per load of washing. Thanks everyone.:T