What allowable expenses, besides the basic rate tax credit on mortgage interest, can I still deduct from my rental income to reduce my tax bill after the full implementation of Section 24?
Quick Answer
Beyond the basic rate tax credit on mortgage interest, landlords can still deduct expenses like agent fees, repairs, insurance, and utilities to reduce rental income for tax purposes.
About This Topic
Discover allowable expenses beyond Section 24 mortgage interest relief. Reduce your UK rental income tax with legitimate deductions like agent fees, repairs, insurance, and legal costs.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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