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Rental Property – Allowable Expenses

Our Residential Property Taxperts have put together a factsheet that details what qualifies as an expense for tax purposes.  Landlords of tenanted property must report details of their rental income and expenses to HM Revenue & Customs on their Self Assessment Tax return each year and this should help understand what is an allowable expense.

Should you need further assistance, please contact our Residential Property Taxperts.

Latest News

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February 28, 2020

Pre Year End Tax Planning – ISA/Tax Efficient Investments

Our previous article discussed how Gift Aid can help reduce your exposure to higher rate tax, but if you’re looking for ways to grow your savings and investments…

February 27, 2020

Research & Development Claim Settled!

Our EQ Taxperts recently completed two Research & Development (R&D) claims for an engineering and manufacturing client operating in the East of Scotland, resulting in a client saving…

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