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Posted Mon, 31 Jul 2023 10:30:38 GMT by
Hi Folks, Just new and renting a small flat and trying to figure all this stuff out.. Am I right in saying you can't claim your £1000 property allowance and also claim your property company management fee at the same time. Is it either one or the other. My management charges about £900 per year. Thanks Jim
Posted Fri, 04 Aug 2023 13:03:07 GMT by HMRC Admin 5 Response
Hi

You are correct.  You can either claime the property income allowance or expenses, but not both.

Thank you

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