Property Income

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April 14, 2019 at 7:51 am #512335
adarsh1997
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Hello,
Could you just briefly explain what is a “council Tax” and also indicate whether they deductible expenses for property income?
Thanks.
April 16, 2019 at 3:03 pm #513092
Tax Tutor
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No problem – it’s a local government property tax and yes it is an allowable expense if incurred by the property owner. In reality however it is usually the tenant who pays the council tax and so is irrelevant for the property income assessment of the owner.
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