Tax laws: As a Landlord, what can you claim for?

We understand that it can be confusing for landlords when determining which repair works and maintenance they can reclaim their tax on which is why we ve put together this helpful note. The cost of repairs to a newly-purchased property can sometimes be claimed if certain conditions are met. The key distinction to be made is between capital expenditure and routine maintenance.

Capital expenditure is the cost of acquiring the property and making it fit for use as a let. Routine maintenance is any expenditure beyond that, even if it is extensive. Continue reading Tax laws: As a Landlord, what can you claim for?