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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.

Are agricultural and business property reliefs at threat?

The publication of a HMRC report into inheritance tax reliefs and exemptions, followed by a request to the Office of Tax Simplification by chancellor Philip Hammond to review the IHT regime, show that the government clearly has the tax regime in their sights. Here our tax planning specialist Ian Naylor explains why agricultural and business property reliefs are under threat and why there’s never been a better time to review your tax situation. “HMRC has published a paper on the influence of IHT reliefs and exemptions on estate planning, with a particular focus on agricultural and business assets. There have...

6 min read.
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Offices open 9am - 5pm Monday to Friday

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Founded in 1927, Bowcock & Pursaill has been our clients’ number one choice for solicitors in Stoke-on-Trent, Staffordshire and Cheshire for almost 100 years. We also act on behalf of clients throughout the country.

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The firm prides itself on its customer service, offering detailed and bespoke advice to clients thanks to our small and highly specialised team of partners, solicitors and legal executives based in Stoke-on-Trent and Staffordshire.

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