What expenses can I claim as a landlord?
Revenue costs are deductible; capital improvements are not.
4 min read · Updated 2 August 2026
Overview
You deduct revenue expenses incurred wholly and exclusively for the property business from rental income. Capital costs such as extensions or the purchase itself are not deductible against income, though they may reduce a future capital gain.
Practical guidance
- Keep every invoice — HMRC expects records for at least five years after the filing deadline.
- Mortgage interest is not a deduction for individuals; it attracts a basic-rate tax reducer instead.
- Replacing an item like-for-like is usually a repair; upgrading it substantially can be capital.
Related content
General information for UK landlords and letting agents, not legal advice. Rules differ across England, Wales, Scotland and Northern Ireland — check your local requirements or take advice before acting.