Tag: Landlord Tax Tips

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Maximizing Tax Deductions for Property Business Expenses

Expenses will be incurred in running a property business. To ensure that tax is not paid unnecessarily, all allowable expenses must be deducted when calculating the profits for that business. However, to avoid unwanted attention from HMRC, it is important to understand which expenses can be deducted, and which cannot. An expense is revenue in

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Repairs vs. Improvements: Tax Implications for Landlords

As a landlord, you will periodically need to undertake work on your property. This may simply involve fixing a leaky tap or redecorating, or the work may be more substantial, such as replacing a roof or a kitchen. From a tax perspective, all work on a property is not equal, and it is important to

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