Allowable Expenses

We have a second home (personally owned) that doesn't qualify for Furnished Holiday Let and is mainly used for renting out via AIRBNB on short term basis. We also use it for weekends occasionally and the rest of the time will be vacant but constantly marketed for rent. My understanding is that in this case can pro-rata the various expenses/bills based on the time used by paying guests. So if the property is rented for say 60 days a year, we use it 15 days and rest of the time is vacant. My question is the calculation for pro-rata costs 60/75 or 60/365 or no pro-rata required at all and can claim full expenses. Linked to this if any repair work is done which from reading would qualify do we have to pro-rata that all?

Hi ,
 

Thank you for your question. Deductions: This includes the ‘wholly and exclusively’ rule which says that expenses cannot be deducted unless they are incurred wholly and exclusively for business purposes. https: www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2010 . The pro-rata in determining your chargeable income and deductions would be based on 60/365 days . Repair work of any kind in the future again be covered by the pro-rata of 60/365. Unless the parameters change . Thank you .