What allowances and expenses can residential landlords claim for rental property?
Landlords could be in line for further tax reliefs to make improvements to their properties following a recent Parliamentary committee recommendation. Our landlord and tenant specialist, Joy Hancock explains what tax reliefs are currently available to landlords. What are the allowable expenses a residential landlord can claim? The most common types of expenses you can claim are: General maintenance and repairs to the property, but not improvements (such as replacing a laminate kitchen worktop with a more costly granite worktop) Expenses for the interest on a buy to let mortgage to buy the property Water rates, council tax, gas and...
6 min read.
Does High Speed 2 affect you? How Bowcock & Pursaill can help
What is it? High Speed 2 (HS2) is a £55.7 billion government scheme to construct a new high-speed railway network connecting London, the West Midlands, Leeds and Manchester. It will mean journeys from Birmingham to Manchester will be halved in time, from 80 minutes to 40 minutes. The line is being built through 45 miles of Staffordshire countryside, to the east of the Shropshire border, and the full extent of the route between Fradley and Crewe has been unveiled as part of HS2 Phase 2a. Construction is set to start in 2020/21 The line to Birmingham will open in 2026...
3 min read.