Urgent Info needed please
My annual rental income from the property will be £5520 which (please tell me if I'm wrong) I will have to pay the taxman 20% income tax ie £1104.
Can somebody tell me, is the full £1700 repair bill tax deductible? and does that effectively wipe out the £1104 I'd owe the taxman next year?
Thanks in anticipation of any replies
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