Can I still deduct all my property management fees, repairs, and other operational expenses as a sole-proprietor landlord under Section 24, or are there new limitations I should be aware of for tax calculations?
Quick Answer
As a sole-proprietor landlord, you can deduct most operational expenses like management fees and repairs, but mortgage interest relief is now a basic rate tax credit, not a deduction from income, due to Section 24 changes.
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As a sole-proprietor landlord, you can deduct most operational expenses like management fees and repairs, but mortgage interest relief is now a basic rate tax c
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