Allowable expenses calculator for landlords

Use this tool to calculate the amount of allowable expenses you can deduct from your property income when you calculate your taxable profit.

illustration of fictional machine calculating allowable expenses for landlords

The tool is designed for landlords of UK-based properties who:

  • are resident in the UK
  • are an individual rather than a company
  • are the sole owner of the property they let
  • do not live in the property they let

The tool should be used to calculate allowable expenses relating to one property at a time, for a single tax year.

Answer the following questions to calculate the total amount of allowable expenses you can claim in relation to a single property from which you earn income. If you’re unfamiliar with any of the vocabulary used here, we recommend that you read our guide on allowable expenses for landlords before you get started.

Are you letting out your property for residential or non-residential purposes?
Is your property a furnished holiday let?
During the tax year in question, how much did you spend on the following?

Note that money spent on improvements should not be included here.

What are 'allowable expenses' for landlords?

If you receive income of over £1,000 from letting out a property, it’s likely that you'll have to file a Self Assessment tax return, declare the taxable profit you made on your property income and pay Income Tax on that figure every year.

When filing your tax return, there are a number of expenses that you may be able to deduct from your income in order to work out your taxable profit. These are known as allowable expenses.

*Disclaimer: While we have made every attempt to make sure that the calculations are correct, FreeAgent Central Ltd cannot be held responsible for incorrect output from this calculator or for the outcome of any decisions you make as a result of using it. Full terms and conditions.

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