{"id":44,"date":"2008-08-28T08:41:05","date_gmt":"2008-08-28T08:41:05","guid":{"rendered":"http:\/\/www.propertyportfoliosoftware.co.uk\/blog\/2008\/08\/28\/expenditurerelief\/"},"modified":"2008-08-28T08:41:05","modified_gmt":"2008-08-28T08:41:05","slug":"expenditurerelief","status":"publish","type":"post","link":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/expenditurerelief.html","title":{"rendered":"Claim Tax Relief on ALL Revenue Expenditure!"},"content":{"rendered":"<p><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\">If you have incurred a revenue expense for the purpose of your property, then you can offset it against the rental income<\/span><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\">.<\/span><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\"><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\">This means that you can continue to lower your tax bill \u2013 <strong>legitimately!<\/strong><\/span><\/span><\/p>\n<p style=\"margin: 0cm 0cm 0pt; line-height: 13.5pt; text-align: justify\" class=\"MsoNormal\"><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\"><em><!--more--><\/em><\/span><\/p>\n<p><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\"><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\">Most investors are aware that they can offset mortgage interest, insurance costs, rates, cost of decorating\/repairs, wages and costs of services.<o:p><\/o:p><\/span><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\"><o:p>\u00a0<\/o:p><\/span><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\">However, so many investors fail to claim the following costs, which, when added together, can provide a significant tax saving:<o:p><\/o:p><\/span><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\"><o:p>\u00a0<\/o:p><\/span><\/span><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\"><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\"><o:p><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\"><\/span><\/o:p><\/span><\/span><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\"><\/span><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\"><\/span><span style=\"font-size: 10pt; color: black; line-height: 115%; font-family: 'Verdana','sans-serif'\"><\/p>\n<ul type=\"disc\" style=\"margin-top: 0cm\">\n<li style=\"margin: 0cm 0cm 0pt; color: black; line-height: 13.5pt; text-align: justify; tab-stops: list 36.0pt\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: 'Verdana','sans-serif'\">Costs incurred when travelling back-and-to the investment property <o:p><\/o:p><\/span><\/li>\n<li style=\"margin: 0cm 0cm 0pt; color: black; line-height: 13.5pt; text-align: justify; tab-stops: list 36.0pt\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: 'Verdana','sans-serif'\">Advertisement costs <o:p><\/o:p><\/span><\/li>\n<li style=\"margin: 0cm 0cm 0pt; color: black; line-height: 13.5pt; text-align: justify; tab-stops: list 36.0pt\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: 'Verdana','sans-serif'\">Telephone calls made (or text messages sent) in connection with the property <o:p><\/o:p><\/span><\/li>\n<li style=\"margin: 0cm 0cm 0pt; color: black; line-height: 13.5pt; text-align: justify; tab-stops: list 36.0pt\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: 'Verdana','sans-serif'\">Cost of safety certificates <o:p><\/o:p><\/span><\/li>\n<li style=\"margin: 0cm 0cm 0pt; color: black; line-height: 13.5pt; text-align: justify; tab-stops: list 36.0pt\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: 'Verdana','sans-serif'\">Cost of bank charges (i.e. overdraft) <o:p><\/o:p><\/span><\/li>\n<li style=\"margin: 0cm 0cm 0pt; color: black; line-height: 13.5pt; text-align: justify; tab-stops: list 36.0pt\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: 'Verdana','sans-serif'\">Advisory fees e.g. legal and accountancy <o:p><\/o:p><\/span><\/li>\n<li style=\"margin: 0cm 0cm 0pt; color: black; line-height: 13.5pt; text-align: justify; tab-stops: list 36.0pt\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: 'Verdana','sans-serif'\">Subscription to property investment related magazines, products and services<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\"><o:p>Our <a href=\"http:\/\/www.propertyportfoliosoftware.co.uk\/landlords_property_manager_professional.prod.html\">Property Management Software<\/a> helps you to track these expenses, making it easier to locate the information and claim the expenditure back into the portfolio.<\/o:p><\/span><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\"><o:p><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\">Maximising on the tax reliefs available to you will help keep your portfolio cash-positive!<\/span><\/o:p><\/span><span style=\"font-size: 10pt; color: black; font-family: 'Verdana','sans-serif'\"><o:p><\/o:p><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have incurred a revenue expense for the purpose of your property, then you can offset it against the rental income.This means that you can continue to lower your tax bill \u2013 legitimately!<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,8],"tags":[],"class_list":["post-44","post","type-post","status-publish","format-standard","hentry","category-property_management","category-property_tax"],"_links":{"self":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/44","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":0,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/posts\/44\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=44"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyportfoliosoftware.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}