In the last blog I talked about typical costs you can offset to reduce your property tax liability that often get overlooked by us.<\/p>\n
As you are aware, as landlords we are responsible for maintaining the property. Therefore, any property maintenance related costs can also be offset against our rental income.<\/p>\n
The following list details typical maintenance\/repair costs that you are likely to incur and which you can offset against your rental income:<\/p>\n
\u2022\u00a0repairing water\/gas leaks, burst pipes, etc.;
\n\u2022\u00a0repairing electrical faults;
\n\u2022\u00a0fixing broken windows, doors, gutters, roof slates\/tiles, etc.;
\n\u2022\u00a0repairing internal\/external walls, roofs, floors, etc.;
\n\u2022\u00a0painting and redecorating the property;
\n\u2022\u00a0treating damp\/rot;
\n\u2022\u00a0re-pointing, stone cleaning, etc.;
\n\u2022\u00a0hiring equipment to carry out necessary repair work;
\n\u2022\u00a0repairing existing fixtures and fittings which include:
\no\u00a0radiators,
\no\u00a0boilers,
\no\u00a0water tanks,
\no\u00a0bathroom suites,
\no\u00a0electrical\/gas appliances,
\no\u00a0furniture and furnishings, etc.
\n\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
In the last blog I talked about typical costs you can offset to reduce your property tax liability that often get overlooked by us. As you are aware, as landlords we are responsible for maintaining the property. Therefore, any property … Continue reading