Rented Property Available For Letting

Rented Property Available For Letting

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My clients owns three rented properties two of which 2 are rented out and one which has been empty since October 2009. Although empty it is still available for letting and is on the books of a local estate agent. What expenses can be claimed in respect of this vacant property? My client has provided me with mortgage interest certificates, utility bills, council & water rate bills and EPC certificate.

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By justsotax
01st Sep 2011 14:16

would suggest

lookin at the hmrc property rental toolkit - reasonably comprehensive guide to what you may.may not claim (albeit the revenue's view)

 

http://www.hmrc.gov.uk/agents/prereturn-support-agents.htm

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By TaxationPete
02nd Sep 2011 07:11

Has the client rented the vacant property prior to Oct 09. Why has it been empty for so long. Regards Peter

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By pat27
02nd Sep 2011 09:30

Yes the property was rented prior to October 2009 not sure why it has been empty for so long but it is still on the books of an estate agent

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Euan's picture
By Euan MacLennan
02nd Sep 2011 11:48

Should be allowable

Provided that the empty property is in a habitable condition and that "on the books of a local estate agent" means that the empty property is being offered for letting at a market rent and not for sale, all expenses incurred on all the properties comprising the property business should be allowable, including the (non-capital) expenses on the empty property.

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