# Rental property renovation budget

Budget for works using VAT-inclusive supplier quotes across the UK. Enter unquoted work separately so each item is counted once. The contingency applies to the full works budget.

## Worked example

£2,200 quoted and £1,000 estimated plus a 10% contingency gives £3,520.

Use the VAT total in each supplier’s quote and separate repair expenditure from capital improvements in your accounts. This budget does not decide VAT eligibility. [HMRC rental income records](https://www.gov.uk/keeping-your-pay-tax-records/rental-income)

Choose individual items to enter an estimate and an optional quote for each job. The quote replaces the estimate for that job, including a genuine zero quote. Compare the budget including contingency with funds available.

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https://www.rentila.co.uk/tools/renovation-budget