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Renting a storage unit - Is it tax deductable?
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Ozret
Posts: 48 Forumite
in Cutting tax
I'm renting my old flat out unfurnished. When I moved out I had a few bits and bobs which I've had in my garage up to now. It's getting to the point where I want to reclaim the space in the garage.
I'm looking at putting some of my old stuff into storage. Therefore, can I offset the rental costs for the unit against the income I'm getting from my rent..
TIA
I'm looking at putting some of my old stuff into storage. Therefore, can I offset the rental costs for the unit against the income I'm getting from my rent..
TIA
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Comments
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Almost certainly no. Using storage is for your convenience and not related to to renting the flat.0
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As your 'bits & bobs' are yopur oewn and not the flat's, then I doubt this would be allowed.I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0
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Thanks for your advice
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