Hi there
I have a client who lets out a property t students where all the utilities are included in the price of the rent, such as gas, electricity, council tax and even TV Licence and Sky TV. I assume it's ok to claim these costs?
Also the property is in another city a few hours drive away, he has claimed mileage for these journeys but what are the implications if he also spends the night at he property while he is there?
Replies (9)
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Is it by any chance the property a family member lives in? Because if there is a standard tenancy agreement but the owner just pays all the bills because he's their dad then that would not necessarily be allowable. If the agreement with the tenants is that these costs are all met by the landlord then that would be fine.
Just asking because if my old landlord back when I was still renting turned up and asked to spend the night I would have told him to get stuffed.
student lets
One of my clients has multiple student let properties and supplies all the above as standard.
In HMOs there's often a vacant room so client could stay there?
HMRC Webinar
I recently attended the webinar.
Pre-recorded ‘Income from Property: minimising risks for individuals Summer Budget 2015’ Webinar is available at: https://attendee.gotowebinar.com/recording/149374520319307266
Also here are the links they suggest for specific issues:
http://www.hmrc.gov.uk/manuals/pimmanual/index.htm
http://www.hmrc.gov.uk/manuals/bimmanual/index.htm
http://www.hmrc.gov.uk/manuals/tsemmanual/index.htm
https://www.gov.uk/government/collections/hmrc-manuals
http://www.hmrc.gov.uk/manuals/cgmanual/index.htm
https://www.gov.uk/government/publications/furnished-holiday-lettings-hs253-self-assessment-helpsheet
https://www.gov.uk/government/publications/capital-allowances-and-balancing-charges-hs252-self-assessment-helpsheet
https://www.gov.uk/government/publications/self-assessment-uk-property-sa105
https://www.gov.uk/government/collections/budget-july-2015-hm-revenue-and-customs
Hope this helps.
HMRC has a ....
... very good toolkit on their website espcially written for agents and clients to use to check through their income and expenditure to comply with their rules. I have been pleasantly surprised that to date I have been able to find answers to all my queries on this subject. Incidentally there are other toolkits too.
Judicial review
There is a judicial review under way of Clause 24 of the finance bill, which affects what can be claimed as expenses by a private landlord. See https://www.crowdjustice.co.uk/case/clause24/
You mean
There is a judicial review under way of Clause 24 of the finance bill, which affects what can be claimed as expenses by a private landlord. See https://www.crowdjustice.co.uk/case/clause24/
You mean the make Cherie Blair rich scheme?
Oh yes
who chose a barrister who would do it.
That would be the one that saw them coming!