Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
Buy to let landlords who want to demonstrate their green credentials can save tax and keep their tenants happy while upgrading energy efficiency.
As the Green Deal legislation moves through Parliament, landlords can still gain from taking measures to improve their properties.
The government wants to improve all properties with an Energy Performance Certificate (EPC) rating of F or G to a higher grading – and that might take some hard work for some older properties, which may be a significant challenge for older properties.
Some simple tips to make rental properties more energy efficient that save tax at the same time are:
All these costs can be reclaimed as property business expenses – repairs and replacements can be deducted against rents while new installations are capital expenses that can reduce capital gains tax when a property is sold.
Some attract special landlord tax treatment – like the Landlord’s Energy Saving Allowance for replacing boilers.
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