What allowable expenses can I claim against rental income for a furnished rental property, specifically regarding appliance replacement and property management fees, to accurately complete my self-assessment tax return for 2023/24?
Quick Answer
You can claim full property management fees and, for furnished properties, a 'Replacement of Domestic Items relief' for new appliances replacing old ones. Don't forget other common expenses like repairs and insurance.
About This Topic
Learn what allowable expenses UK landlords can claim for furnished rental properties, including appliance replacement and property management fees, for the 2023/24 tax year.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
Expert Guidance from Steven Potter
Steven Potter is a UK property investment coach with a £1.5M portfolio and over 5 years of hands-on experience. He has helped over 1,000 students achieve their property investment goals through practical, ethical strategies.
Ready to Take Action?
Get personalised property investment coaching with Steven Potter's Property Freedom Framework.
Learn about the Property Freedom Framework