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Are costs tax deductible under Limited Company

Client one property rental business

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A limited company setup in April 2018 as a rental property business.  Purchased one property under limited company in January 2019 with mortgage but has not been able to get the property ready for let

We are about to complete the 2018/19 accounts and wondered if arrangement fees, council tax and mortgage interest would be tax deductible even though the property was not ready to let.

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By lionofludesch
05th Feb 2020 16:06

Deductible from what ?

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Hallerud at Easter
05th Feb 2020 16:50

Arrangement fees and interest you really ought to look at Non Trade Loan Relationship debits.

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