PIM2050 – Deductions: General rules: Main types of expense: contents

This page gives a broad outline of the tax treatment of some of the expenses that may be incurred in a rental business. For detailed guidance about expenses that could also be incurred in a trade refer to the Business Income Manual.

Expenses connected with the premises or land that is let out will normally be allowed as a deduction unless the expense relates to a capital matter. Normal principles apply, such as the ‘wholly and exclusively’ rule - see PIM2005 - PIM2010. Examples of types of expense include: