Updating post from Reddit.
We paid for legal advice due to an accusation from the freeholder of our leasehold flat that we had breached the terms of the lease. We pay tax at 40% on the income from this flat, which is rented out to tenants
These legal fees cost about £1000 in total - is this an expense we can claim when doing our tax return?
Professional Fees are deductible.
Thanks
Pretty sure I claimed legal costs for defending a libel action from the letting agent.
Thanks
Probably.
I would think so. Give HMRC a ring and ask.
Will do