What legitimate expenses can I deduct to reduce my taxable rental income as a new landlord, beyond mortgage interest, to minimise my tax bill on a £10,000 annual profit?
Quick Answer
While mortgage interest isn't deductible for individual landlords, you can significantly reduce your tax bill by deducting eligible operational expenses like repairs, agent fees, insurance, and professional services from your rental income.
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New UK landlords: Learn legitimate expenses to deduct from rental income (beyond mortgage interest) to cut your tax bill. Steve Potter's guide.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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