Are repairs/decorating allowable as an expense ?

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    Are repairs/decorating allowable as an expense ?

    Dear all,

    Excuse the "stupid" questions, but I am an amateur landlord.

    I have a single property which I have been renting last few years. For previous tax returns, when completing self assessment, the expenses I have claimed have been

    Building Insurance
    Agent Fees
    10% Wear & Tear of net rent

    Property is owned outright, so no mortage.

    Last year, had headache with tenants and lost 5 months rents due to non-payment and hence eviction. Got new tenants in, and so far so good.

    I had to do alot of decorating, which included new flooring in kitchen, painting throughout and new carpet in lounge. This I did all myself (ie DIY)

    My questions are :-

    1) Can I claim the cost of these repairs as expenses in addition to the 10% W&T allowance

    To put some figures around this

    Gross Income was 5900
    Agency Fees 466
    Insurance 188

    10% Wear & Tear allowance 590 ( 10% of 5900)

    Approx 1100 for repairs/decorating


    2) I assume I can put the expense of baliff/court orders also, as got nothing back from evicted tenant.

    thanks

    #2
    1. To the extent these repairs represent replacing like-for-like then yes.

    2. Yes

    Comment


      #3
      Thank you for response,

      Therefore as a taxable income I can assume ?

      Rent +5900

      Less

      Fees -466
      Insurance -188
      W&T -590
      Repairs -1100
      =================
      total
      deduction -2344

      Therefore taxable=3556

      Comment

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