Landlord Tax Deductions Explained: Save Money With Smarter Tracking

Being a landlord comes with plenty of responsibilities — from managing tenants to keeping up with compliance. But one of the biggest challenges? Staying on top of tax deductions.

Every year, landlords across the UK miss out on hundreds — sometimes thousands — of pounds in savings simply because they don’t track their expenses properly. With HMRC’s Making Tax Digital (MTD) rules approaching, keeping clear, accurate records isn’t just smart — it’s essential.

What Tax Deductions Can Landlords Claim?

Here are the most common allowable expenses landlords should be tracking:

• Mortgage interest (restricted under Section 24, but still claimable as a basic-rate tax credit)
• Repairs and maintenance (fixing a broken boiler, repainting, replacing carpets)
• Insurance costs (landlord insurance, buildings insurance)
• Utilities and council tax (if you cover them instead of the tenant)
• Letting agent or property management fees
• Accountancy or legal fees (related to property management)
• Travel expenses (if you visit your rental property for management purposes)
• Advertising for new tenants (online listings, marketing costs)

Why Landlords Miss Out on Deductions

• Paper receipts get lost or fade over time
• Expenses aren’t categorised properly until the tax return deadline
• Mixing personal and rental costs leads to confusion and missed claims
• Reactive accounting means you only think about expenses at year-end

Missing even a handful of receipts each year can add up to a serious loss in tax savings.

How MyPropertyPal Helps Landlords Track Deductions

• Financial Manager: Track rental income & expenses in real time — no more year-end surprises. Flexible rent schedules, AI-powered invoice & receipt scanning, and clear cash flow views.
• Documents in One Place: Store contracts, compliance certificates, and receipts securely. Everything is easy to find when HMRC or your accountant needs proof.
• Compliance Reminders: Stay ahead of gas safety checks, EPCs, and other legal requirements — avoiding costly penalties that could eat into your tax savings.

Smarter Tracking = Bigger Savings

The key to saving money on landlord tax is consistent tracking. By digitising your property finances, you’ll:

• Always have accurate records
• Capture every allowable deduction
• Reduce stress at tax return deadlines
• Be fully prepared for HMRC’s Making Tax Digital rollout

Ready to Keep More of Your Rental Income?

Sign up today for early access to the MyPropertyPal Beta Release — the all-in-one platform built for real landlords, making rent, compliance, and tax effortless.