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Posted Thu, 09 Jan 2025 19:19:45 GMT by aleksc123
I am planning to rent out my property and use the rental income to pay inheritance tax.
Is this a deductible expense as this virtually makes my profit minimal?
Posted Thu, 23 Jan 2025 11:35:35 GMT by HMRC Admin 13 Response
Hi aleksc123
This would not be an allowable expense as it is not wholly and exclusively related to the rental of the property.
Thank you
 

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