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Landlord tax query
HP77
Posts: 22 Forumite
Morning all,
I am about to rent out my property as I am moving overseas in the near future.
I am going to replace some old radiators and give the place a lick of paint to make it more attractive to potential tenants.
Can I include the cost of this work with the management fee, loan interest etc etc when it comes to complete my tax self assessment?
Thank you,
HP77
I am about to rent out my property as I am moving overseas in the near future.
I am going to replace some old radiators and give the place a lick of paint to make it more attractive to potential tenants.
Can I include the cost of this work with the management fee, loan interest etc etc when it comes to complete my tax self assessment?
Thank you,
HP77
0
Comments
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I don't know the answer to your specific question, but thought I'd just ask whether you are familiar with HMRC's rules on tax for non-resident LLs?0
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There are more than 7 sorts of tax a LL can pay: Just worrying about income tax may mean you end up paying more overall - you need to think about all the taxes!!!
Get trained, get registered for non-resident LL with HMRC & buy Carl Bayley's "how to reduce property tax" - or similar title ...0 -
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I don't know the answer to your specific question, but thought I'd just ask whether you are familiar with HMRC's rules on tax for non-resident LLs?
See the link provided in this post here.0
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