Allowable Landlord expenses
Allowable Landlord expenses
You can include many expenses in your tax return - alongside your rental income - to reduce the amount of profit you pay tax on.
The general rule is that the expenses must be wholly and exclusively for your property rental business.
You can still claim tax relief for the interest you pay on a mortgage for your rental property. This has changed in recent years and special rules exist, but ApariPro works it all out for you!
HMRC’s guidance on this is pretty good. Here’s a checklist of expenses to help make sure you don’t forget anything (full details available on this page):
You can also claim:
General maintenance and repair costs.
Bills paid by you as the landlord, e.g. water, gas, electricity, Council Tax etc.
Insurance, e.g. contents, buildings, rent guarantee.
Letting agent and property management fees.
Professional fees, e.g. accountancy, legal etc
Cost of services, e.g. cleaners, gardeners
Replacements of furniture, furnishings and white goods.
Direct costs related to your property rental business include phone calls, stationery, advertising for new tenants, or travel.
Landlord property licence
Ground rents and service charges.
Most people can also claim the cost of using ApariPro!
Usually, costs associated with the property purchase cannot be set against rental income e.g. purchase price, stamp duty, and legal fees.
UK Property expenses
ApariPro’s record-keeping tools help you stay on top of your property expenses so you always know your profit. These record-keeping categories are automatically added to the ApariPro tax return to take the hassle out of preparing your final submission.
If you’re familiar with HMRC’s SA105 page of the tax return, the table below shows how the HMRC tax return boxes map to the ApariPro tax return.
If you need any assistance please check out the other articles in our Help Centre for how to get started using your account and if you have any further questions you can contact our support team here
Related Articles
Allowable business expenses
Allowable business expenses You can include many expenses in your tax return - alongside your business income - to reduce the amount of profit you pay tax on. The general rule is that the expenses must be wholly and exclusively for this business. ...Attaching receipts, invoices or statements
Attaching receipts, invoices or statements What is this? We make it easy to keep all of your tax return information together in the software. This includes the Snap and Store feature: it allows you to attach files, like photos, scans and documents, ...Banks you can connect to ApariPro
Banks you can connect to ApariPro Open Banking gives a secure way of connecting a wide range of banks to ApariPro. All major banks, building societies and credit cards are supported, including American Express, Barclays, First Direct, Halifax, HSBC, ...Setting Up Your Business Sources
Setting Up Your Business Sources What is this? Business sources are the different types of income you receive — for example, income from self-employment, rental properties, or employment. Setting these up in your digital tax software helps ensure ...Setting Up Your Property Sources
Setting Up Your Property Sources What is this? Once you have set up your Landlord business source, you can add individual properties to it. This article covers how to add a standard property and how to set up a joint property that is shared with ...