Forbes Estates

	Fees for managing properties
	Rent appraisal
	Deposit
	Finding tenants
	Agreement
	Rates and services
	Repairs
	Tax
	Insurance

Tax

From the total rent received in a tax year you can normally deduct, for tax purposes, the following:

		Our fees
		Fair wear and tear & repair costs
		10% of rent for depreciation, if furnished or part furnished
		Interest paid to the Building Society or Mortgage Company
		Insurance premiums

You then pay tax on the remainder of the rent. Getting the best tax advice can mean the difference between your buy-to-let being profitable.

If you have any queries or questions, then please contact us - we are happy to discuss your requirements.