Landlords miss out on tax savings

Private and corporate landlords are not claiming back tax on energy efficient improvements they have made to their rental properties, according to a recent HMRC press release.

Landlords can claim back the costs of buying and installing energy saving items in the properties they rent out against their taxable profi ts. Richard Mannion, of accountants Smith & Williamson, said “Landlords can claim back up to £1,500 for each dwelling house so this can include each residential flat within a block of flats.”