The Landlord’s Energy Saving Allowance (LESA) is a tax allowance which allows landlords to claim tax relief of up to £1,500 on their tax return against the cost of buying and installing energy saving items.
It was first introduced in April 2004 to encourage landlords to improve the energy efficiency of let residential properties and to increase the level of comfort for tenants.
With the scheme due to run until the start of April 2015 landlords have plenty of opportunity to claim the allowance over the next four years.
Landlords can claim LESA on expenses incurred for the following expenditure:
• cavity wall and loft insulation, after 6 April 2004
• solid wall insulation, after 7 April 2005
• draught proofing and hot water system insulation, after 6 April 2006
• floor insulation, after 6 April 2007
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Friday, September 24, 2010
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