Landlord Tax Tips, Mileage

This is the second in an occasional series of articles from PGA Tax Returns which looks at the different ways landlords can benefit by using our services to complete their tax returns.

Do you ever visit your investment or buy-to-let properties? do you travel by car? do you claim mileage against the property’s taxable profits? our guess is that most people would answer yes to the first two questions, however not so many would answer yes to the third question.

If you travel to an investment property for the sole purpose of conducting your property business then the mileage is allowable, you may travel to check the property after a tenant leaves, for a pre-let meeting or maybe to discuss some matters with the tenant or agent

looking after the property. All these trips should be noted down and the mileage claimed against the profits of the property at the current rate of 45 pence per mile. Easier still just keep a record of your miles and let PGA Tax Returns prepare your landlord’s tax return for you, phone us at 01666 829013 and we will be pleased to discuss your requirements with you.