I’m sure that it’s the number 1 thing that fills A LOT of Landlords with dread… Tax!
As the tax burden for Landlords is increasing year on year, we need to make sure that we (as Landlords and Investors) deduct all the allowable expenses that we’ve used so that we get taxed correctly.
To make sure that you are only being taxed on your profit after expenses I’ve put together a check list below of the expenses you are allowed to deduct from your income.
Please always always remember to go through this with your accountant as they can make sure that you are completing your tax returns correctly!
I would love to know if this Tax Deductions {Allowable Expenses} Checklist is useful! Comment below if you would like more of these?
Natasha
