{"id":96,"date":"2014-05-08T22:01:42","date_gmt":"2014-05-08T20:01:42","guid":{"rendered":"http:\/\/support.rentila.com\/?p=96"},"modified":"2020-11-02T18:25:26","modified_gmt":"2020-11-02T17:25:26","slug":"bilan-financier","status":"publish","type":"post","link":"https:\/\/www.rentila.co.uk\/support\/archives\/96","title":{"rendered":"Balance"},"content":{"rendered":"

Taxable income<\/h3>\n

In general you’ll pay income tax on the revenue you get from renting out a property. The taxable amount is the sum left once you\u2019ve added your rental income and deducted any allowable expenses or allowances.<\/p>\n

Your income is primarily the rent you receive but also any other payments from tenants for services normally provided by a landlord.<\/p>\n

If you charge any non-refundable deposits for your property, these will also count as rental income, as well as the money that’s kept over from a returnable deposit at the end of the tenancy.<\/p>\n

Allowable expenses a landlord can deduct<\/h3>\n

As a general rule, landlords can claim the running and maintenance expenses of their rental property.<\/p>\n

If the rent you charge covers services like gas, electricity, water, or council tax, you’ll need to take into account the rent amount you charge the tenant within your income – but you can claim the costs you pay as an expense.<\/p>\n

Here are the most common types of expenses that you can deduct:<\/p>\n