claiming for visits to let properties - what's considered reasonable?

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  • jpkeates
    replied
    HMRC would consider reasonable the number of visits that you actually made to your properties that were 100% for the purpose of the business.
    They might request evidence, like a contemporary mileage record or diary entry.

    Leave a comment:


  • King_Maker
    replied
    HMRC consider that, for agent managed properties, only journeys from their office to the property can be for the business.

    I am not sure that HMRC are necessarily correct in all circumstances, IMHO.

    Leave a comment:


  • Mrs Mug
    replied
    See the thread below.

    http://www.landlordzone.co.uk/forums...aiming+mileage

    Leave a comment:


  • claiming for visits to let properties - what's considered reasonable?

    newbie so please be gentle!

    I haven't previously claimed mileage for visits to my let properties as they have a) been quite seldom, b) they are close by and c) they are fully managed by an agent.
    Mindful that 'every little helps', i'd appreciate views on how many visits per year might be considered reasonable by HMRC.

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  • Reply to Damaged artwork expense
    by jpkeates
    If something is purchased wholly and exclusively for the business it's an allowable expense of one kind or another.
    It doesn't have to be a sensible thing to buy, it just has to have been bought for the business.

    If it were a gift it would not be allowable, but it's hard to see how...
    27-09-2021, 08:10 AM
  • 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
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