"Other allowable property expenses"

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  • "Other allowable property expenses"

    I'm going through my tax return and Section 27: "other allowable property expenses" looks like an possible opportunity to claw a bit back.

    My (small) property is managed by a management firm.

    I have two questions:

    1) Is it possible to claim for any unreceipted expenses at all?

    2) If so, Are there guidelines for the amounts and sorts of things that can be claimed without needing receipts?

    It's wishful thinking but I'm wondering if there's something as blatent as some kind of "list of legitimate amounts to claim as other allowable property expenses" that I can just crib from that and claim the max.

    Eg: It's ok to claim without receipts:

    1) £200 for travel
    2) £20 stationary & stamps
    3) £15 Phone calls
    4) £25 Sundries
    5) £X Expense N....


    That kind of thing.

  • #2
    If your property is managed by a managment company then you cleim to expenses is very limited. Travel is limited to management company to house, once a yest. some stationary and postage and some phone calls. Remember you are not managing the property that is why the management fees are deductible. Regards Peter

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    • #3
      Originally posted by TaxationPete View Post
      Travel is limited to management company to house, once a yest. some stationary and postage and some phone calls.
      Many thanks.

      So is it possible to claim for those three items without receipts? If so what are the limits?

      Is there an online source I can check?

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      • #4
        Recently there was a similar question posted asking what is a reasonable sum to claim for "postage, stat & telephone costs etc " and a reply posted suggesting "below 100 pds" comes to mind. Make a search for last 3 months posts in LZForum Tax section.

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