If you own a residential property with multiple tenants, you might be missing out on tax deductions. Despite a recent tightening of the rules there’s still scope to claim capital allowances (CAs) and
a wear and tear deduction. What’s the full story?
Published 24.02.2012
There’s more than one rule which determines the type of tax relief you can claim for capital expenditure in a property rental business. Different rules can apply from year to year. Which can you
claim and how can you ensure maximum relief?
Published 07.01.2020
Special rules exist for tax deductions for the cost of equipment used in property rental businesses. Anecdotal evidence suggests that landlords are missing out on these. What tax allowances are
available to you?
Published 01.05.2019
Your company bought, refurbished and furnished two residential properties which have been let. You’re now preparing the first rental income accounts. Which refurbishment and start-up costs can you
claim a tax deduction for?
Published 31.10.2022
If you let residential accommodation and meet other conditions you can claim capital allowances (CAs) for the cost of furniture etc. But, if temporarily the conditions aren’t met, some CAs can be
permanently lost. How can you avoid this?
Published 07.04.2022
A tax inspector is disputing deductions for costs relating to unused business premises included in your latest accounts. Are you entitled to tax relief for these or does the inspector have a point?
Published 04.07.2017
One of our subscribers owns a buy-to-let which, because it was empty he used as a stop-gap home when he moved. He eventually found another tenant. How should he account to HMRC for the expenses
incurred for the vacant period?
Published 13.06.2018
Your company rents its business premises from you. Last year you spent so much on replacement fittings in the building that the expenses outweighed the rent you received. What’s the most
tax-efficient way to deal with this loss?
Published 09.07.2018
You want to make improvements to your business premises. The landlord has agreed as long as he approves the work first. It includes the installation of fixtures to the building. Who’s entitled to the
tax deduction for these?
Published 26.06.2019
Income from letting one or more rooms in your home can be tax free where rent-a-room relief applies. However, if you also provide services to your guests the income might count as a trade. Does
rent-a-room relief still apply?
Published 31.08.2017