Letting consent for 2 years and more questions regarding reducing tax

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    Letting consent for 2 years and more questions regarding reducing tax

    Hi all,

    I will start with the simple one hopefully - Can I put a "letting consent fee" that I paid to my money-thirsty mortgage provider against a tax I need to pay a taxman for letting my house out ?

    The other question is very simple - could you please list (or point me to the thread) with all things I can offset against tax I need to pay ?

    For instance:

    1. An interest on the mortgage I pay on the house I let
    2. Travel expenses for 2 annual property inspection visits
    3. ....

    Many thanks.

    I think you pay letting consent fee because you are on a residential mortgage ( at lower interest rate ) and not on their BTL mortgage.

    For getting to know about allowable expenses to set against taxable income, I suggest you download form SA105 and Notes from the hrmc website.


      Thanks for that. Well, I was gonna download that stuff from HMRC, but can someone still answer the question re letting consent fee, please ? And yes, the house is NOT on BTL mortgage


        Originally posted by alol View Post
        I was gonna
        Please have the courtesy to write in English.


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          Seems pretty clear there JP. I'll go ahead and alter my calculations

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