“ They explain my accounts in a way that’s
easy to understand


Deductible Expenditure

Expenses generally allowable include:-

  • Letting agents fees and commissions
  • Accountancy fees
  • Certain legal expenses
  • Interest on a loan to buy the property
  • Buildings and contents insurance
  • Repairs and maintenance
  • Gas, electricity and water rates if not paid by the tenant
  • Council tax
  • Ground rents and service charges
  • Cleaning expenses
  • Payments to employees to manage the property
  • Bad debts

However any expense that can be demonstrated to be 'wholly and exclusively' for the letting of the property can be offset against letting income.

Want to know if it's allowable, contact bb@moco.co.uk

take the next step


Take the next step

We are here to help

Get in touch