legal fees offsett my rental income ?

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    legal fees offsett my rental income ?

    Hi all , i had some legal fees to pay which were about 1,500 , which were due to the fact that the tenant was suing me over the deposit, and i also had some legal fees in respect of tracing the tenants arrears . I did wonder if i may offest this against my rental income on my tax return (which was infact very small) -

    As they were 'professinal fees' was wondering if i may be able to do this ? I also have other fees which were to trace the tenant as they owed a year in rent

    #2
    All of those fees were incurred by the business and are allowable against income.
    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


      #3
      Thank-you Jpeaks much appreciated its very good to know that now

      Comment

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