What expenses can landlords & property investors claim? Self assessment and limited company tax tips

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What expenses can you claim as a property investor? Watch today's video where we run through some of the most common tax reducing expenses!
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Пікірлер: 34

@evelynaldous1204 6 ай бұрын

Fabulous video, so useful! I watch it every year before doing my self-assessment. Thanks so much!

@Matthew-yb5sl Жыл бұрын

your videos are so on point! thankyou!

@royakorangi7926 2 жыл бұрын

Great video Joshua, very informative thank you

@MyMagical1 2 жыл бұрын

Very helpful, thank you.

@JoshuaTharby 2 жыл бұрын

Appreciate the comment! Is there anything else you would like to see on the channel?

@tonycarpenter723 2 жыл бұрын

Great video

@georgievadilyana 3 жыл бұрын

I've used the Green Homes Grant Scheme to insulate external walls of my property - will this be revenue or capital expenditure? With the trend to make homes more energy efficient could you argue that it is revenue expenditure?

@shelinaratansi6247 3 жыл бұрын

Fantastic video as always Josh. 👍🏼

@JoshuaTharby 3 жыл бұрын

Thank you!

@ChloeCooks17 3 жыл бұрын

Great content Josh! May I ask, having remortgaged my personal residential to to raise capital to invest in in BTL’s within a LTD company are there any tax savings to be had on the mortgage interest incurred from this borrowing?

@JoshuaTharby 3 жыл бұрын

@@ChloeCooks17 Yes you will be able to get tax relief on the mortgage costs as they’ve been used in a property business. Now section 24 is in full swing it will be given as a 20% basic rate tax credit.

@ChloeCooks17 3 жыл бұрын

@@JoshuaTharby I appreciate there are savings to be had on the mortgages against the BTL’s brought but are you saying I can claim relief on my personal mortgage that was remortgaged to raise the funds that were subsequently transferred into my LTD company as deposits?

@davidpurcell5866 3 жыл бұрын

@@ChloeCooks17 not the full amount obviously. Maybe if you put x amount into the BTL then that amount can be claimed

@kevatnorthfield 2 жыл бұрын

When the letting agent charges their fees they also Inc vat. Do you include the vat and their fee on your property expenses.

@arshtruth3649 2 жыл бұрын

great video

@JoshuaTharby 2 жыл бұрын

Thanks!

@johnhaworth6850 Жыл бұрын

Hi Joshua, great useful advice! If i have properties in a LTD co and am a sole trader with some property in my own name also, can i claim the £6 per week home office twice, once on my self assessment and again on LTD company accounts?

@bulentaydin4377 2 жыл бұрын

can you claim mortgage you pay?

@James888JJ Жыл бұрын

Are these expenses that you would use to write off against income tax? Or capital gains tax?

@matthewchadwick9696 3 жыл бұрын

How so you prove what proportion of a laptop for example is for the business?

@Mrlistenandlearn 2 жыл бұрын

what about deep clean? Painting for new tenant

@jenniferlandrum8184 2 жыл бұрын

Hi, when you talk about mileage. Can you claim for mileage on viewings to potential properties? Wondering about costs before first let as I hear different things? Can I claim for decorating of the property?

@JoshuaTharby 2 жыл бұрын

Yes you certainly can

@anisislam7154 7 ай бұрын

could you make the same vid for live in landlors, ie expenses under rent a room scehem . i can never find an answer if interest is included fpr that

@JoshuaTharby 7 ай бұрын

you can either claim the flat rate rent a room relief in place of expenses, or the actual expenses incurred if higher.

@alanede5391 2 жыл бұрын

Where on the tax return can one claim for buy to let interest on mortgage payments Many thanks Alan

@marykistnen6837 2 жыл бұрын

I couldn't find this either for a while. Then I eventually found online somewhere that it was under the page 'Change profit or losses' and question heading 'Residential property finance costs: (optional)' - near the end of that page. So the page sequence is : 1) Change income 2) Change expenses 3) Change adjustments 4) Change profit or losses It's in quite a strange place really, after the form has calculated your profit (or adjusted profit) for the year. Also, there are many additional questions on the tax form this year. If I was filling it in for the first time this year, I wouldn't know which questions to answer and which questions didn't apply to me. Having the word '(optional)' on most questions, new this year, makes it very confusing. It makes it sound like you don't need to fill in a question if you don't want to, and of course you do fill the question in if it applies to you.

@Solihul886 Жыл бұрын

There's a box 44 in SA105 to fill in all your interest.

@BellaDiary 2 жыл бұрын

Do you need to have a limited company to claim these expenses? Or just an accountant?

@g.tinkler6762 Жыл бұрын

@BellaDiary Жыл бұрын

@@g.tinkler6762 thank you x

@kayhallinan3598 3 жыл бұрын

Great video! Would costs incurred for a failed purchase be deductible? Costs such as transport, sourcing fees, survey, solicitors etc? What about costs for viewing potential purchases? Train/mileage or even food if it’s away from home?

@JoshuaTharby 3 жыл бұрын

Any costs which would be capital for a failed purchase are not deductible as they are abortive purchase costs. The costs of viewing the properties are allowable.