P543 Teletext 543 Sep02 21:08:40
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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 anb certain
items of equipment.
Investment property profits are suaject
to capital gains tax, based on marginal
rate and the length of ownership.
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