Rental Property allowances

Sep 13, 2005 2 Replies

Hi,



Could anyone tell me what relief I can off set against the rent on my property i.e. wear and tear is 10% (is that 10% of the annual taxable income?), maintenance etc. I would like to a check list of things I could do to reduce the amount given to the taxman.



Any help would be appreciated.



Thanks



Lak



Have you looked at the Inland Revenue booklet IR87, which can be downloaded from HMRC's website.

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