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Allowable Expenses for Landlords with Properties in the UK

Allowable expenses for landlords pertain exclusively to costs incurred in connection with property rental.

These expenses relate to the day-to-day management of tenancy, characterised as revenue rather than capital.

They encompass items such as:

  1. insurance
  2. letting agent fees
  3. service charges
  4. professional fees
  5. marketing
  6. office costs (stationary)
  7. travel
  8. repairs, and property taxes.
  9. Bills included in rent are eligible for claiming.
Ineligible expenses include mortgage repayment costs and capital investments aimed at improving the property. Capital costs can be offset against capital gains tax. As of 2024, landlords with an income exceeding £10,000 are subject to the 'Making Tax Digital' (MTD) rules.
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