LandlordZONE

30

Jul, 2014

Wednesday

Results 1 to 4 of 4
  1. #1

    Default "Other allowable property expenses"

    I'm going through my tax return and Section 27: "other allowable property expenses" looks like an possible opportunity to claw a bit back.

    My (small) property is managed by a management firm.

    I have two questions:

    1) Is it possible to claim for any unreceipted expenses at all?

    2) If so, Are there guidelines for the amounts and sorts of things that can be claimed without needing receipts?

    It's wishful thinking but I'm wondering if there's something as blatent as some kind of "list of legitimate amounts to claim as other allowable property expenses" that I can just crib from that and claim the max.

    Eg: It's ok to claim without receipts:

    1) £200 for travel
    2) £20 stationary & stamps
    3) £15 Phone calls
    4) £25 Sundries
    5) £X Expense N....


    That kind of thing.

  2. #2
    Join Date
    Jan 2007
    Posts
    2,228

    Default

    If your property is managed by a managment company then you cleim to expenses is very limited. Travel is limited to management company to house, once a yest. some stationary and postage and some phone calls. Remember you are not managing the property that is why the management fees are deductible. Regards Peter

  3. #3

    Default

    Quote Originally Posted by TaxationPete View Post
    Travel is limited to management company to house, once a yest. some stationary and postage and some phone calls.
    Many thanks.

    So is it possible to claim for those three items without receipts? If so what are the limits?

    Is there an online source I can check?

  4. #4
    Join Date
    Aug 2008
    Posts
    3,361

    Default

    Recently there was a similar question posted asking what is a reasonable sum to claim for "postage, stat & telephone costs etc " and a reply posted suggesting "below 100 pds" comes to mind. Make a search for last 3 months posts in LZForum Tax section.

Similar Threads

  1. "Other allowable property expenses"
    By TaxSucks in forum Tax Questions
    Replies: 3
    Last Post: 28-11-2010, 09:09 AM
  2. Replies: 1
    Last Post: 14-09-2009, 15:53 PM
  3. Interest on other loan as "allowable expenses?"
    By johne1234 in forum Tax Questions
    Replies: 1
    Last Post: 24-08-2006, 20:56 PM
  4. Interest payments as "allowable expenses"?
    By johne1234 in forum Tax Questions
    Replies: 32
    Last Post: 14-04-2006, 12:31 PM
  5. Valuation costs as "allowable expence"
    By maaz-man in forum Tax Questions
    Replies: 6
    Last Post: 23-01-2006, 20:40 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •