There is more information on repairs, betterments, and revenue vs capital expenses at the end of this checklist. There are also rules which set out the difference between a repair and a betterment. You must be careful to claim only for revenue expenses and not capital expenses. ![]() You can claim tax relief if you have made repairs to your property or renewed parts of it or the furniture inside. Viewing a new rental property that you want to buy (but only if you buy the.Viewings (showing a tenant around your rental property).Tenant visits or visiting to carry out an inspection.If your trip is for business purposes only and requires you to stay in a hotel overnight or eat food away from home, you can claim those costs as revenue expenses too. You can deduct the cost of your travel no matter how you have travelled, including use of taxis, trains, busses, cars, motorbikes and air fare for foreign property visits or purchases. It is usually easier to claim these simplified expenses than to work out the total costs of maintenance and fuel, especially where the vehicle is also for personal use. These are the simplified rates for travelling by car, van, motorbike and bicycle and they also account for maintenance of the vehicle. For bicycles the milage rate is 20p regardless of miles travelled. ![]() For Motorcycles the milage rate is a flat rate of 24p regardless of how many miles you’ve travelled. HMRC’s mileage rates for cars and vans are 45p per mile for the first 10,000 miles each year, anything over 10,000 miles can be claimed at 25p per mile. ![]() If you are travelling for business reasons, the expenses you incur can be declared on your tax return as a revenue expense.
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