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Ltd vs Private Landlord Expenses

Any questions, advice or comments on being a landlord.
paulpaulgr
Posts:1
Joined:Thu Aug 12, 2021 3:17 pm
Ltd vs Private Landlord Expenses

Postby paulpaulgr » Fri Aug 13, 2021 11:54 am

Is there a difference between what counts as a legitimate expense for a ltd property company vs a private landlord? I have seen lots of articles on what I can claim for properties I hold in my own name, but cannot find anything that explains if this is different for a SPV. For example, if I buy furniture to fit out a new rental property I cannot claim this as an expense (only replacement costs are covered) if I own the property personally - but if I bought a stock of furniture for use in properties via my SPV/ltd then surely that would be a tax deductable expense for the company? I'm sure there must be differences between the tax rules for ltd vs privately owned properties - can anyone point me to a good summary or provide one here?

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