Tax relief on leasehold charges

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    Tax relief on leasehold charges

    To sublet my flat, the head landlord requires a £300 registration fee from me each time a new tenant takes residence.

    Can I declare this as an expense?

    #2
    Yup.

    ________________

    Comment


      #3
      As I thought. Thanks

      Comment


        #4
        Originally posted by CameDone View Post
        As I thought. Thanks
        What does the wording in your lease say the registration fee for sublet under AST should be? The figure should not be as high as 300 pds ?

        Comment

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        • Damaged artwork expense
          by jtufty
          Hi all

          Silly minor question really. Last week the tenant accidentally knocked a framed picture off the wall and smashed it. It was only a cheap thing (I guess value was £10). I went out and bought a replacement picture for her. (I know I didnt have to, but shes a good tenant). I bought...
          24-09-2021, 10:35 AM
        • Reply to Damaged artwork expense
          by ram

          As per above, as the place is "part-furnished", which will not incude pictures on walls.

          It's a gift to a stranger. ( They are not family, not close friends - etc. ) and not a claimable expence in any way..
          ...
          25-09-2021, 16:05 PM
        • Reply to Damaged artwork expense
          by nukecad
          I'd see this as an altruistic gift to your tenant and leave it at that.

          My previous LL (although he had his faults) used to buy the 3 of us in his small HMO a £20 case of beer each at Christmas, I doubt he tried to claim it off tax.
          25-09-2021, 15:46 PM
        • Reply to Damaged artwork expense
          by jtufty
          Its let "part-furnished". (she didnt have a bed, so I put a bed in there, and the white goods, and the [now-broken] picture and a few other bits n bobs)...
          25-09-2021, 15:13 PM
        • Reply to Damaged artwork expense
          by Section20z
          You don't need to write anything. Retain the receipt and just include the appropriate amount in youR expenses/capital totals...
          25-09-2021, 13:57 PM
        • Reply to Damaged artwork expense
          by ram

          We assume the place is let as furnished ?

          I don't think pictures are classed as furniture / but then again, a mirror screwed to the wall - if broken by the tenant, then the tenant pays.
          So pictures ? not sure.
          I would charge the tenant the cost of replacement.
          ...
          25-09-2021, 11:43 AM
        • Reply to Damaged artwork expense
          by jtufty
          Thanks guys. I dont know what came over me! A momentary wave of altruism. Most unlike me!

          I have the receipt. What should I log it as? Should I literally just write "capital expense" or should I be more specific such as "replacement of broken picture"?
          25-09-2021, 06:45 AM
        • Reply to Damaged artwork expense
          by jpkeates
          It's a replacement item of furniture and its allowable as such.
          There's an inevitable element of betterment when you replace one thing with another.

          And £40 is neither here nor there as a capital item.
          24-09-2021, 13:16 PM
        • Reply to Damaged artwork expense
          by Section20z
          That sounds definitely like an improvement as you didn't have to splash out £50 you crazy dude.
          £10 down to repairs and £40 capital expense I reckon.
          24-09-2021, 11:59 AM
        • Let Property Campaign.
          by armour
          Hi all,

          A friend of mine has been renting out a flat since 2004 and has not declared any of the income to HMRC in all that time.

          She wants to come clean and pay the accumulated income tax she owes by making a non-prompted disclosure using the Let Property Campaign system....
          13-09-2021, 13:45 PM
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