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bigduckontax
bigduckontax, Accountant
Category: Tax
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Can you confirm what tax allowances exist for landlords?

Customer Question

Can you confirm what tax allowances exist for landlords?
JA: Have you talked to a tax professional about this?
Customer: Yes
JA: Anything else you want the Accountant to know before I connect you?
Customer: No
Submitted: 8 days ago.
Category: Tax
Customer: replied 8 days ago.
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Expert:  bigduckontax replied 8 days ago.

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

The following are the more common deductions which can be made from rentals; source Which:

'Allowable deductions include:

Utility costs (water rates, council tax etc.)

Repairs

Contents insurance

Services to clean communal areas

Letting agents’ fees

Accountants’ fees

Ground rents and service charges

Advertising costs

Buildings insurance'