Landlords to lose LESA tax break in April

Landlords are to lose the £1500 in tax breaks in by 6th April when the Landlord Energy Saving Allowance (LESA) comes to an end in the current tax year. The allowance allows landlords to make a number of deductions for expenditure for the following items of expenditure:

• cavity wall and loft insulation
• solid wall insulation
• draught-proofing
• hot water system insulation
• floor insulation

The tax breaks are available through your self assessment return but obviously will have to be at least invoiced by the start of the tax year so landlords get insulating before it's too late.

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Insulating your buy-to-let

I wrote recently about the tax benefits of insulating your buy-to-let.

Even better news!

Today when I made enquiries about insulation at my local authority in Nottinghamshire it transpires that they offer subsidised loft and cavity wall insulation. Why? Well it's not as a result of any generosity by the Government. Instead it's the result of legislation the government introduced to force energy providers to cut their carbon emissions. The result is that subsidised insulation is available to landlords in many areas. You need to act pretty sharpish though. The four year CERT scheme is due to end in December.

I'm made up. Not only will I be able to get my place fully insulated for less than a hundred quid. I'll also get my tenant off my back who has been pestering me that he is 'cold'. RESULT! I'm looking forward to my celebratory drink tonight....

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