Offsetting administrative costs | Discuss

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Offsetting administrative costs
20/01/2017
10:32 pm
kath c
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I know that I can offset administrative costs for tax purposes if an agent was looking after my properties but can I offset administrative costs if I do my own admin work?

I have been told today by an accountant with expertise in Personal Finance that either I do not claim for administration costs or, alternatively, I can claim but will have to be taxed for admininistration costs as I cannot pay myself for work done for my business.   Is she correct or is this yet another case of an accountant not familiar with BTL regulations?

21/01/2017
7:20 pm
ringi
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29/06/2012
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You should get a new accountant, as the primary job of an accountant is to explain tax to clients in a way the client can understand. 

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