Are you refurbishing your new buy to let property?
Refurbishing properties when they are initially purchased is very common with landlords of rental properties. These refurbishing may have different types of tax implications depending on the work done. The refurbishment could either have a capital or a revenue nature. Difference between capital works and revenue refurbishment. The difference between capital and revenue refurbishment relies […]
ARE LANDLORDS ALLOWED TO DEDUCT EXPENSES ON REPAIRS ON RENTAL PROPERTY IN UK?
Rental property improvements are usually done by landlords. The main reason for the improvements is to either make the property more suitable for tenants or to ensure the house is well maintained. The question most Landlords then ask is if they are allowed to deduct this cost as an expense. Declaring and paying tax on […]