X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Property-a-holics

    Recording business mileage

    I'd be interested to hear how other PT LL's who actually visit their properties(!) record their mileages.

    I used to keep a book in the car, then got another vehicle as well so would have to have kept 2 books, so have got into the habit of taking a phone picture of the start mileage, a picture of what I did at the property, then a pic of the end mileage.

    I back up my phone every month so wouldn't be in too bad shape if it went AWOL. Plus there's photographic proof if I ever had to prove mileage.

    What do you lot do?

    0
    0


    If you are claiming mileage costs you may need to provide proof of the mileage. Also what it was for- this is just good practice.

    I have to pay for parking when visiting my property and I keep the information and reason for visiting the property logged.

    This way its on record and not just a figure pick out should the tax man ask at some time in the future.

    Also any parking fees paid in the course of maintaining the property ie collection of materials etc I also claim for.

    0
    0

    How do you record the information though Douglas, in a book, using your phone, or how?

    0
    0

    I have a spreed sheet for my rental and every thing goes into that. Paper receipts kept in box file so every thing in one place for yr end accounting.

    0
    0

    I use professional landlord software and it has a section for mileage

    if I am on company business, I record them on a spreadsheet and print it off and submit it to the company

    It can make a huge difference so it’s worth doing.

    0
    0

    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    I have a shortcut to an excel spreadsheet on my laptop.   As switching it on is the first thing I do when I have been somewhere, recording the business mileage is a ten second job.   Date, location, reason for visit, mileage. 

    I also record if I have tested the fire alarm and emergency lights if I visit an HMO.  It's totalled up by month and by financial year. 

    With that level of detail it is hard for HMRC to dispute.  Simple but effective.

    0
    0

    likewise, good record keeping is important when we have so many different things going on.

    0
    0