Thanks for your question
How often do you use the house, is this your main residence ? Where do you spend the rest of the time? How much rental income do you make in a typical month, and how much is the maintenance ?
It is my main residence.
I use it 310 days and rent it 50.
when not there I am either in hotel or our country house.
rental income approx 1k a month, maintenance approx the same
Thanks for your response and the additional information
How can the maintenance be £1000 a month ? That seems excessive. Can you expand on this.
well we did a huge refurb project (hundreds of thousands of pounds last year), and there continue to be proportionate expenses as we keep the house running.
Thanks for you response and apologies for the delay in mine.
Refurb costs are not allowable to claim against rents(these are claimed when the property is sold to allow a % against the capital gain that will arise)
But I cannot see how £1000 would relate to expenses to keep the house running. Do you let for one 50 day period, or a few days here and there? What makes up these maintenance costs ?
Could you provide the information asked for, so I can answer your question fully