Self assessment - can i claim accountancy expense.

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    Self assessment - can i claim accountancy expense.

    Hi

    I have been using an accountant to disclose tax owed in line with the let property campaign for years dating back to 2014. The accountant has also done the 2016-17 tax return for me and all monies to HMRC are now upto date.

    My accountant has sent me his bill which is fair. Im aware i can claim the self assesment cost back next year when i do my 17-18 tax return but am i also able to claim back the part of the bill for the let property disclosure?

    Thanks for looking

    #2
    Accountancy cost is an allowable expense against rental income by hmrc , so claim all of your accountant payments in your next tax return..

    Comment


      #3
      It is a peculiar one - everyone I know who uses an accountant to do their tax return claims the fees as an expense.
      No one ever queries it.

      But it fails the wholly and exclusively test because a tax return is a personal responsibility.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

      Comment

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