LandlordZONE

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Sep, 2014

Wednesday

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  1. #1

    Default Council tax allowable expense for income tax ?

    Hi

    just a quickie. Usually the tenants pay the council tax, but I have had a run of voids.

    I know I am liable to pay the council tax, but is it an allowable expense for income tax purposes.

    I did look around, but only found stuff about council tax itself, rather than the income tax implications of it...



    thanks

  2. #2

    Default

    Yes, all expenses such as Council Tax, Water, Electric, Gas are allowable expenses the landlord can submit in reducing their income from rental property.

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