Hmrc manual rental expenses

repairs to property before letting
rental expenses after tenant moves out
rental property expenses checklist
hmrc property income manual
hmrc rental incomehmrc manuals
pre-rental expenses capitalized
allowable expenses for rental income

If your rental income is higher than your rental expenses, details on the Rent-a-Room scheme see hmrc.gov.uk/manuals/pimmanual/pim4001.htm. If you look at HMRC's Property Income manual at gov.uk/hmrc-internal-manuals/property-income-manual/pim2220 you can see that, from what you have written Costs of improvement works can count as a deduction but normal maintenance costs like decorating do not count as an allowable expense. Please see our guidance : Expenses are allowable if they are incurred 'wholly and exclusively' for the rental business. If a property is let at less than the full commercial rent, anyFinance costs (restricted for most residential properties) ; Repairs and other tax deductible costs, 1,000, 1,000 ; Interest on mortgage, 2,500, Nil ; Net Rental