salmonofdoubt
Registered User
- Messages
- 6
Surely they would become a sole trader as soon as they start charging you a fee?nor sole trader,
If they are willing to make tax returns on foot of this income, there should be no problem once there's no element of tax avoidance involved.If I were to chose a friend as my management agent, can I deduct their fee from my taxes?
In my personal experience the main benefit of a management agent is that they have tradesmen who will take their calls as they provide repeat business. A friend can do this of course but will be no better than you at finding someone to fix a leaking tap at short notice.Being disappointed by mediocre professional management agent companies
Yes.If a landlord chooses a local auctioneer to manage a rental property are their fees deductible for the income tax return?
Thank you. Is this subject to a limit? The fees would be 10%+vatYes.
Thank you. Is this subject to a limit?
That sounds very much on the high side though. You shouldn't need to pay an eighth of the rent for management of an ongoing tenancy.The fees would be 10%+vat
But does it matter 6/8/10 if it's deductible?No. Once there is no tax evasion going on.
That sounds very much on the high side though. You shouldn't need to pay an eighth of the rent for management of an ongoing tenancy.
I've only come across fees in the 6% -8% range.
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