TOTAL RENTAL TAX: £ 0.00/yr
What is an Allowable expense?
Some examples of allowable expenses you can claim are:
- water rates,
- council tax,
- gas and electricity landlord insurance costs of services, including the wages of gardeners and cleaners (as part of the rental agreement)
- letting agents’ fees
- legal fees for lets of a year or less, or for renewing a lease of less than 50 years
- accountant’s fees rents,
- ground rents and service charges direct costs such as phone calls,
- stationery and advertising for new tenants
You can find out more allowable expenses in this post published by Which.co.uk
What are the tax bands for rental Income?
Mortgage Rent Deduction Changes
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