Fuel expense on property income seems ott- thoughts?

imeldabye

Hi all- client in London rents out 2 properties on the South Coast- during 2011/12 some damp/rot appeared in one of the flats and they had to traipse up and down trying to fix it. As well as the repairs and maintenance (ie wickes/b&q etc) I would have ordinarily included her mileage. However the calc comes out as £810 which seems quite a lot (128 miles there and back- 15 trips x 45p a mile). Am I being over cautious? all the trips were wholly and exclusively.

groundy

I would have no problem claiming the mileage on that example

imeldabye

ok thanks for that. Another conundrum- whilst it was being fixed it was unlet- does that make the expenses unallowable- strictly speaking- it was unavailable for letting as noone could move in with the floor boards up? again- am i being a bit literal here?

Monsoon

If it was previously a let property then they are allowable even though it was not in a lettable state while repairs ongoing.

If bought in an unlettable state then often the expenses would not be allowable.

Mileage is fine.

reader

Monsoon wrote: »

If bought in an unlettable state then often the expenses would not be allowable.

Yeah, not allowable for income tax purposes but would be allowable for cgt purposes should they sell the flats.

imeldabye

yep, all clear thanks both