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Rental income - what expenses?
simpywimpy
Posts: 2,386 Forumite
in Cutting tax
Apart from the obvious mortgage interest, insurances etc, where can I look for info on what to claim as expenses again the rental income?
Im struggling to find a good guide and as Im working full time now, I need to use everything available to me to reduce my tax bill.
Im struggling to find a good guide and as Im working full time now, I need to use everything available to me to reduce my tax bill.
0
Comments
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Insurance
Gas/electric certification
Maintenance (not improvements)
£120 pa Home office/Admin etc
Fuel for necessary visits
Hope that helps0 -
presumably you are finding it "hard" to use google?simpywimpy wrote: »where can I look for info on what to claim as expenses again the rental income?
http://lmgtfy.com/?q=rental+expenses+and+tax+0 -
Wear and Tear allowance if furnished.
Professional Fees - letting agentsThere are 10 types of people in the world - those who understand binary and those who do not. :doh:0 -
This article is recent and looks useful:
http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10946303/How-to-maximise-your-buy-to-let-profits-by-paying-less-tax.htmlWho having known the diamond will concern himself with glass?
Rudyard Kipling0
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