Receipts for repair work done on rental property

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    Receipts for repair work done on rental property

    I am getting some repair & certification work done for the EICR for my rental property. I understand these expenses are tax deductible against the rental income as long as they are repairs and not improvements.

    What receipts will be required for claiming the deductions? Do these need to be VAT receipts on headed paper?

    Some of the tradesmen I'm getting quotes from don't have headed paper etc and I suspect will give me rather rudimentary receipts.

    #2
    You need to be able to show how much you paid and what for if HMRC challenge your tax return.
    The return itself doesn't go into any detail, so you'd have to be a bit unlucky to get any kind of challenge.

    As long as you can show something to support what you're claiming, it doesn't have to be a typed up VAT invoice, no.
    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
      The receipts do not need to be VAT, unless you are claiming the VAT back and registered.

      Comment


        #4
        You need proper invoices with all the normal information on them

        if tradespeople can’t or won’t provide them just don’t use them

        Comment


          #5
          Aiui for HMRC you just need valid proof money paid (eg email with amount, bank records showing payments). However for eg later going back to supplier when there's an issue (say 18 months later) invoice preferred.

          For people who say I'll do it for less for cash I either go elsewhere or grass them up to HMRC. (Or both).
          I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

          Comment


            #6
            Thanks everyone. I've got the receipts - itemised costs and totals - over email and payments have been made via online transfer to the accounts specified in the email, so hopefully that's sufficient paperwork.

            Comment


              #7
              The receipts should be kept for 6 years.

              Comment


                #8
                Or longer if CGT relevant (until sale & HMRC happy) or even longer to be able to take action against suppliers...
                I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

                Comment


                  #9
                  For anything to do with property and Capital Gains Tax you should keep any invoices forever plus for 6 years after you have sold the property.

                  Comment

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