As a new buy-to-let landlord, what are the absolutely essential tax deductible expenses I MUST track from day one to minimise my income tax liability?
Quick Answer
New buy-to-let landlords must track all allowable expenses from day one to reduce their taxable rental income. Key deductions include agent fees, repairs, insurance, and professional fees, as mortgage interest is not deductible for individuals.
About This Topic
New UK buy-to-let landlords must track essential tax-deductible expenses like agent fees, repairs, and insurance from day one to minimise income tax liability. Mortgage interest is no longer deductible.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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