GOV.UK
Deductions: General rules: Main types of expense: contents
This page gives a broad outline of the tax treatment of some of the expenses that may be incurred in a rental business. For detailed guidance about expenses that could also be incurred in a trade refer to the Business Income Manual.
Expenses connected with the premises or land that is let out will normally be allowed as a deduction unless the expense relates to a capital matter. Normal principles apply, such as the ‘wholly and exclusively’ rule - see PIM2005 - PIM2010. Examples of types of expense include:
This section
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PIM2052Advertising expenses
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PIM2054Bad and doubtful debts
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PIM2056Cash back on loans
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PIM2058Common parts (cost of)
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PIM2060Criminal payments, bribes and blackmail etc
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PIM2064Entertaining expenses and gifts
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PIM2066Fees for loan finance etc.
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PIM2068Fines for breaking the law
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PIM2070Foot and mouth disease
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PIM2072Landlord's Energy Saving Allowance (LESA)
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PIM2074Owner occupied property
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PIM2076Providing services (cost of)
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PIM2078Rent collection
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PIM2080Salaries and wages of employees
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PIM2082Sea walls