Claiming Mileage Expenses

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    Claiming Mileage Expenses

    I have a 400 mile round trip whenever I need carry out inspections etc to my rental property. Can anyone indicate whether there is a mileage allowance I can claim for making reasonable periodic trips there or do I need to keep hold of petrol receipts and just claim for them?

    Are there any other rules I should be aware / take advantage of when it comes to claiming travel expenses (eg cost of meals)?

    Mileage for using a personal car for business purposes you can claim AMAPS, this is 40 pence per mile (45ppm this year) for first 10,000 miles, then 25 pence per mile. Assuming you have not gone over 10,000 miles (unlikely) then each trip you can effectively ofset £160 from income.

    Note that the trip should not have any social part, petrol receipts not needed but can be useful to backup your claim.

    Im sure I read somewhere you cannot claim anything like cost of meals.

    Also as a side bar dont forget to claim your using your home as an office last tax year £3 per week (£4 this tax year), that is presuming you use your home for your rental business admin work.

    Hope this helps.


      Do you have an agent to manage the property?


        As a matter of interest - if one did have an agent to manage the property would that make any claim to mileage expenses to check out the property rather spurious?


          Yes. So it would make the travel expenses non-deductible. (HMRC achieve this by deeming the place of business of the property business to be the agent's offices, not your home, so you can only claim mileage from his offices to the property.)


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