Are your property expense claims above board?

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Are your property expense claims above board?

By Alan Pink, February 2020

Alan Pink considers some of the commonest errors (in both directions) in landlords’ expense claims.

When the UK introduced self-assessment for tax purposes in 1996, the Inland Revenue (as they then were) – all credit to them – made an effort to simplify our byzantine system, and one of the beneficiaries of this was the property owner who lets out a rental property as an investment. 

However, there are still many common misunderstandings of what the tax rules are, and sometimes landlords aren’t claiming everything that they are due. 

Let’s have a look at some of the more common problem areas.

Repairs or capital?

Here’s an excellent example of a rule that is easy to state in words, but not at all

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