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Posted Mon, 12 Aug 2024 20:53:24 GMT by Ching Tse
Hi, I borrowed a loan from a bank in Hong Kong before I came to U.K. I used the loan to buy a new house in U.K. after arrival U.K. I let out (rent) the new house. The rent is used to pay the loan interest to the H.K. Bank every month. I need to pay interest of the loan from the bank. As it is an expense of renting out the new house, I would like to know if I can reduce my tax revenue (rent) from my new house in self assessment. Thank you.
Posted Thu, 22 Aug 2024 18:40:31 GMT by HMRC Admin 25
Hi Ching Tse,
You can claim this as a relief only as long as it is for the same property.
Please see here:
Work out your rental income when you let property
Thank you. 
Posted Sun, 13 Oct 2024 22:17:12 GMT by Ching Tse
Hi, Thank you so much for your reply. I have some more questions need your help. 1. When I bought the new house, I spent money to install carpet, tile, curtain and spare keys for my tenant. It is because there are no flooring and no curtain in my new house, and there are just a few tiles in bathroom and kitchen. Question: Can I claim the above expenses (Flooring, tiles, curtain and spare keys) as a relief? 2. I paid the fee to have service from a solicitor for buying the new house. Question: Can I claim the solicitor fee as a relief? 3. I bought Landlord Insurance and electric applicant insurance for the new house. Question: Can I claim the insurances as a relief? 4. After I bought the new house, I took train from London to Liverpool to monitor the progress of installing flooring and tiles. Question: Can I claim the transportation fee as a relief? Thank you.
Posted Fri, 18 Oct 2024 10:56:27 GMT by HMRC Admin 33
Hi,
You can deduct expenses from your rental income when you work out your taxable rental profit as long as they are wholly and exclusively for the purposes of renting out the property.
You can also claim expenses for the interest on a mortgage to buy a non-residential let property.
Other types of expenses you can deduct if you pay for them yourself are:
general maintenance and repairs to the property
water rates, council tax, gas and electricity
insurance, such as landlords’ policies for buildings, contents and public liability
costs of services, including the wages of gardeners and cleaners
letting agent fees and management fees
legal fees for lets of a year or less, or for renewing a lease for less than 50 years
accountant’s fees
rents (if you’re sub-letting), ground rents and service charges
direct costs such as phone calls, stationery and advertising for new tenants
vehicle running costs (only the proportion used for your rental business) including mileage rate deductions for business motoring costs
Please see the link below for guidance
Work out your rental income when you let property
Thank you
Posted Sat, 26 Oct 2024 11:03:35 GMT by Ching Tse
I rented out my property Aug-23. Question: Should I include the rent between Aug-23 and Mar-24 in my self assessment income? I received 1-year (Aug-23 to July-24) rent last Aug-23. Question: Should I include all 12 months rent as my income? Thank you

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