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.