is this tax deductible?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    is this tax deductible?

    Hello Landlordians,
    After being fed up with trades not turning up and giving silly quotes for small maintenance jobs. I have joined a beginners course for basic property maintenance(plumbing, electrics etc) and would be buying tools too.

    I am full-time employed and registered as sole trader. Would the course fee be tax deductible?

    #2
    Yes.

    However, you should bear in mind that your own labour time isn't deductible against income for your own business.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      I would also be very wary about doing any work in a rental property that had the capacity to injure someone without having a builder to sue if it did

      Comment


        #4
        Originally posted by DPT57 View Post
        I would also be very wary about doing any work in a rental property that had the capacity to injure someone without having a builder to sue if it did
        Yes, and more generally I would also look very carefully at my insurance policy to see what is/is not covered. My policy excludes (amongst other things) damage to the property which is caused by my own defective workmanship, so although I do a lot of routine maintenance on our properties I am very careful not to do anything myself which might cause any significant damage if I get it wrong.

        Comment

        Latest Activity

        Collapse

        Working...
        X