Allowable expenses when letting rooms?
- From: zeebop <yeah@xxxxxxxx>
- Date: Sat, 10 May 2008 13:57:32 +0100
Hi,
I let two rooms out in my own home, and as I am not using the
rent-a-room tax allowance, I deduct 2/3rds of expenses against the
income.
I understand that repairs are an allowable expense, but need a more
precise definition
I'm wondering if the following are allowable:
- Replacement of lock and keys as tenant has lost theirs, hence
security risk
- Decoration/Painting of lounge, as was in need and in poor condition.
I've looked here:
http://tinyurl.com/32ytqb
but I'm still not sure.
Thanks for any pointers
zeebop
.
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