Relief on Letting Agent fees

[DJKebab]

My letting/management agent deducts their fee prior to payment of the rental money to my bank account. In this scenario, do I report my total rental income as just what I received in my bank account (and therefore presumably I would not be eligible to claim relief on the agent fees as I had never 'paid' them)? Or do I simply report the total monthly rent that I 'charge' as my income, even though I don't ever lay hands on all that money? In which case then presumably the fees and any other charges (such as Legionella assessments etc.) that are taken by the agent directly prior to payment to me would be eligible for relief?



Thanks!

[Gordon999]

Your gross rental income for 2016-2017 is the total sum paid by tenant .

You will claim allowed expenses including sums for property maintenance ( & gas safety cert ) and letting agent fees etc .

You enter your taxable profit = gross annual rental income minus allowed expenses on your tax return.

[tatemono]

Legionella assessments

99% unnecessary for residential properties but agents get a nice kickback for arranging it...