Allowable expenses for rental income are bracketed into five main categories according to the HMRC. For an expense to be claimable against your buy-to-let income it must be used‘wholly and exclusively’ for the management of your property. In this context wholly and exclusively means that th...
On the Gov.uk website, you can find the most common expenses you canclaim for self-employedand the most common expenses you canclaim for if you rent out a property. Read more on Self Assessment: Free e-book: Get Self Assessment right each time ...
Box 20 - Car, van and travel expenses Box 21 - Rent, rates, power and insurance costs Box 22 - Repairs and renewals of property and equipment Box 23 - Phone, fax, stationery and other office costs Box 24 - Advertising and business entertainment costs ...