This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.


A bit of data which remembers the affiliate who forwarded a user to our site and recognises orders from those who become customers through that affiliate.


Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Is Finance costs being recorded correctly?

Tips and advice on how to use Landlord Vision.
Posts: 3
Joined: Wed Jun 13, 2018 9:04 pm

Is Finance costs being recorded correctly?

Postby christop10 » Fri Aug 17, 2018 3:31 pm

It seems that when you record finance cost expenses at the moment, they are being recorded in the property purchase account, and therefore as a capital expense. However I thought costs associated with financing could be / should be recorded as a revenue expense?

Posts: 41
Joined: Tue Aug 23, 2016 11:38 am
Location: United Kingdom

Re: Is Finance costs being recorded correctly?

Postby roy » Wed Aug 22, 2018 5:19 pm


Thank you for contacting support

We have recently made the following changes to Landlord Vision

1. Re-assigned the following items from the 'Property Buying Costs' asset account to the 'Finance Costs' (expense account):

- Mortgage arrangement fee
- Mortgage broker fee

2. Created an additional item called 'Incidental costs of obtaining finance' assigned to the 'Finance Costs' account. This item will cover all of the other possible finance costs as per HMRC's Business Income Manual BIM45815.

Please review your relevant expenses and adjust as necessary

Kind regards

Return to “Functional Support”

Who is online

Users browsing this forum: No registered users and 3 guests