Monday, March 31, 2014

Landlords home office expenses

Every landlord has a home office when it comes to claiming expenses for their rental business.  This is because if you manage your business, even if you only have one buy-to-let, you will administer your lettings, organise the maintenance and have to make phone calls and send emails.  This is not withstanding calculating your rental profits at the end of year as part of the dreaded self assessment tax return.

Unless you have your own office associated with your rental business then landlords are entitled to include an expense allowance.  The new guidance for how to calculate your home office expenses are available on the Government website under home office expenses.

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