D Don_08 Registered User Messages 329 10 Jul 2009 #1 If we use an estate agent for a let only service to rent out an apartment, can these be written off against the tax bill at end of year?
If we use an estate agent for a let only service to rent out an apartment, can these be written off against the tax bill at end of year?
D DonKing Registered User Messages 557 11 Jul 2009 #2 yes. You deduct the agents fee from your rental income in a similiar fashion to other allowable expenses
yes. You deduct the agents fee from your rental income in a similiar fashion to other allowable expenses
G Gloriosa Registered User Messages 41 15 Jul 2009 #3 I think though, it has to be your second letting before it can be offset against your tax bill
C chlipps Registered User Messages 404 15 Jul 2009 #4 If the estate agent collects the rent then they will have their fee already removed from the amount they pay out to you so you cannot be liable to pay tax on the portion they have retained
If the estate agent collects the rent then they will have their fee already removed from the amount they pay out to you so you cannot be liable to pay tax on the portion they have retained