This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Keep it simple! Vehicle expenses for landlords

By Sarah Bradford, December 2020

Sarah Bradford explains how using simplified expenses for vehicle costs can save work. 

Most people would prefer to spend less time dealing with administration, and landlords are no exception. When it comes to working out what expenses a landlord can deduct in calculating the profits of their property rental business, there are ways to save work.  

Using simplified expenses can save a lot of time and removes the hassle of working out the deductible amount based on actual costs. It is prudent to compare the tax deduction available using both methods to ensure that the best overall result is obtained. However, even if a higher deduction is available by reference to actual costs, it may still be preferable to use simplified expenses when the time savings are taken into account. 

Vehicle expenses 

Unincorporated landlords have the option of using mileage rates

This is one of our 1955 Premium articles

To see this article in full and unlock access to our complete library of 1955 articles click 'subscribe & unlock' below:
SUBSCRIBE & UNLOCK

Subscriptions include a 14 day free trial
+ money back satisfaction guarantee

Begin your tax saving journey today

Each month our tax experts reveal FREE tax strategies to help minimise your taxes.

To get Tax Insider tips and updates delivered to your inbox every month simply enter your name and email address below:

Thank you for signing up to hear from us!