Debbie Reyland considers some tricky distinctions when claiming tax relief on renovation costs.
Despite the apparent ‘easy wins’ of popular property makeover shows and generally high demand for residential lets, in reality landlords are stuck in a quagmire caused by spiralling costs and regulatory pressures.
To mitigate these challenges, maximising tax relief on expenditure is essential to reduce a property’s overall opportunity cost and improve cash flow, particularly as we head towards the dampening effects of the new 2027/28 property tax regime.
