allowable expenses for furnished buy to let holiday home- advise needed?

Lindsayw77 Registered Posts: 4
Is the ground rent for a furnished buy to let holiday home in the UK an allowable expense?


  • MarieNoelle
    MarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,433
    yes -
    Although FHL have special tax rules, normal rental business calculation rules apply.
    Extract from UK Property Notes (on site)
    Box 6 Rent paid, repairs, insurance and costs
    of services provided

    You can claim FHL expenses, such as:
    • rents, rates, insurance and ground rent
    • property repairs and maintenance
    • costs of services you provided, including wages
    • insurance against loss of rents – however, if you
    claim under your own insurance policy, put any
    money you received in box 5
  • Lindsayw77
    Lindsayw77 Registered Posts: 4
    Thanks so much Marie, I have looked high and low for a definitive answer. Your answer has helped a lot.
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