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our landlord tax guide

Landlord Tax Deductions & Allowances

As a landlord it is essential to claim all the tax deductions and allowances to which you are entitled.

This will reduce your rental profits and thus your income tax bill.

There are literally hundreds of expenses you can claim, although most landlords do not claim all the deductions to which they are entitled.

Taxcafe's bestselling guide How to Save Property Tax provides detailed information on the expenses and allowances you can claim plus lots of other useful tax planning advice for landlords and property investors (for example, there is a huge amount of information in the guide on capital gains tax).

The latest edition can be viewed here: Landlord tax guide

For example there is a 10 page section on interest and other finance costs. This, of course, is one of the major tax deductible expenses landlords can claim but most do not fully understand the rules which can be quite complex.

There is also a large amount of information on claiming repairs. For many landlords the distinction between repairs (tax deductible) and improvements (not deductible for income tax purposes) is confusing. This section of the guide explains the rules in plain English.

There is also information on all the expenses you can claim outside your property portfolio. For example, there is a detailed section on claiming home office expenses, motor expenses, and travel and subsistence.

Capital allowances are also covered in detail with over 10 pages of landlord-specific information.