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Chartered Certified Accountants
and Business Advisors

01530 267320

Landlords can claim mileage allowances

Landlords received a small boost in the Autumn Budget. The Chancellor agreed they could use the HMRC’s approved mileage rates to work out the tax-deductible amount for travel they make in managing their rental businesses.

Companies and partnerships with corporate members who are landlords will not be allowed to use the mileage allowance.

The change will have retrospective effect. Landlords, unless they are exclude, can use the mileage allowance for journeys on or after 6 April 2017. The allowance rates are:

 

First 10,000 Miles

Additional Miles

Cars and Vans

45p

25p

Motorcycles

24p

24p

Bicycles

20p

20p

 

27 Feb 2018

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