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  • Tax

    Maintenance Charges

    I am about to buy a flat to rent out. Which of the communal charges can I claim for on my tax return please? 

    The list is accountant, asbestos, building & terrorism cover, building insurance, electrical inspection report, reserve for painting, electricity, fire risk assessment, gardening, gutter cleaning, H&S assessment, maintenance, management fees, reserve fund and sundry. Many thanks.

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    Hi Gozo Girl, 

    All of the costs should generally be allowable except, possibly, those connected to asbestos. 

    Of course, there are also a huge number of other expenses which may be claimable against rental income.  We produced a video guide on this area which can be viewed by clicking here.

    Hope that helps and best wishes,

    RITA4Rent

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    RITA4Rent (Rental Income Tax Advisors)

    Specialists in Landlord Taxation

    Recommended tax advisors of the Residential Landlords Association

    Follow us on Twitter @Rita4Rent

    clients (at) rita4rent (dot) co (dot) uk

    http://www.rita4rent.co.uk


    Many thanks, very useful - I just bought a laptop so will be claiming for that !

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    If the asbestos charge is covered under the estate service charge, would you be expected to subtract the individual cost of this to your flat, and not claim it as an allowable expense?

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    Reserve for painting and reserve fund? Are these defined charges in your leasehold agreement with the estate manager / freeholder or just reserves that you are setting aside?

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    The budget report states Cyclical Reserve for External and Internal Painting and Reserve Fund

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    I see, ok. I thought you'd uncovered a new allowable expense!

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