HAVE YOU HEARD? WE WON!

2nd August 2019
INTRODUCING WINNER FOR SOUTHEND-ON-SEA Belle Vue Property Services have just won The British Property Award for Southend-on-Sea. Their team performed outstandingly throughout the extensive judging period, which focused on customer service levels.
If you are a landlord or have a portfolio of properties, you can claim ‘wholly incurred’ expenses against your property income. Expenses must follow the standard HMRC guidance and the expenses must be exclusively for the purpose of renting out the property. HMRC provide a number of examples of allowable expenses including: If you buy a new vacuum cleaner for your own home, and also use it to clean your rental property between tenants, you can’t claim the cost of the vacuum cleaner as an expense against your rental income. However, you could claim the cost of any cleaning products you bought specifically for cleaning the rental property. Where costs are incurred partly for your rental business and partly for some other purpose you may be able to claim a proportion of that cost if that part can be separately identified as being incurred wholly and exclusively for the purposes of the property rental business.
Tenant Fees Ban. How will landlords and tenants be affected? The new Tenant Fees Act comes into force on the 1st June 2019. So what is it? And how will it affect landlords and tenants?