Description

For landlords (UK Property Income), covering HMRC SA105:

Differentiates between residential and commercial property income

Deductible expense breakdown: maintenance, brokerage fees, land rent, insurance, municipal taxes, etc.

Financing cost limit calculation (20% base tax rate deduction, no longer fully deductible)

Furniture depreciation alternatives (10% wear and tear allowance or actual replacement cost)

Multiple property consolidation or separate tax calculation option

Automatic generation of rental business profit and loss and tax payable

Includes a detailed tracking table for “Replacing Rental Furniture” deductions (compliant with new HMRC regulations)