rental advice

What is an inventory?

What is an inventory?

  An inventory is the itemisation of the contents of the property and their condition. Every landlord should have an inventory for each property as it outlines not only what is in the property, but also what condition the contents are in at the time…
What expenses can I offset against tax?

What expenses can I offset against tax?

  Allowable Expenses Certain expenses incurred may be used to reduce the income tax liability on rental income, these include: Qualifying mortgage interest Management fees Advertising expenses Estate agent fees Insurance premiums PRTB tenancy registration fee Legal fees for drawing up leases Mortgage protection policy…