Accounting Journal

Accounting Journal

What are allowable property expenses?

Asif Patel's avatar
Asif Patel
Jun 07, 2025
∙ Paid

Allowable expenses are business costs that can be deducted from trading income when calculating the business’ profits for tax purposes.

It’s important to note that some expenditure never qualifies for relief and some can only be claimed against the gain when you sell the property.

Below, we’ll outline the main allowable expenses for property landlords.

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