Relief for landlords with business mileage

Until 2013 a fixed rate deduction was available however, this concession was withdrawn and landlords were forced to claim the actual motoring expenses incurred together with an allowance for the capital depreciation of the vehicle.
From 6th April 2017 unincorporated property businesses can claim a fixed rate for the mileage travelled on property letting business. Landlords will have the option of calculating their allowable deductions using the fixed mileage rates. Where capital allowances have not already been claimed on the vehicle, a fixed 45p on the first 10,000 business miles and 25p on any excess may be claimed per tax year.

What we will do?
These transitional arrangements may or may not benefit our clients and so we will check on an individual basis to see which is the most efficient method.