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TAX ANGLES OF BUY-TO-LET PROPERTIES
Landlords can also claim allowances for
other items against tax on properties
let out, tax expert Mark Largan says.
They include water rates, sewerage,
power bills, council tax (unless paid
by the tenant), expenses such as legal
fees and accountants' fees and certain
items of equipment.
Investment property profits are subject
to capital gains tax, based on marginal
rate and the length of ownership.
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