There are about 2.66m private landlords in the UK. Although renting out property can offer excellent returns, it involves a wide variety of expenses, big and small.
Thankfully, as you know, many costs can be claimed as “allowable expenses”, which buy-to-let landlords can deduct from their profits, to help minimise their income tax bill. But many buy-to-let landlords fail to claim some allowable expenses, which can leave them overpaying hundreds if not thousands of pounds each year in tax.
This guide provides a basic overview of allowable expenses that landlords can claim, as well as ones that they may not be claiming.
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