Landlord Finances, Taxes & Saving Costs

Being a landlord is often expensive, especially if you’re making poor decisions.

I’m not just talking about the initial capital required to put money down for a mortgage, but I’m also talking about the ongoing costs of being a landlord. It can quickly escalates because being a landlord requires continuous investment. Most notably, this business is about investing in people, particularly your tenants.

You need to provide clean and safe living conditions, you need to ensure you’re meeting all your legal requirements (which often costs money), and you especially need to expect the unexpected, which is always a money-sink.

There’s no doubt about it, this can be an extremely expensive business.

Needless to say, since this is a profiteering business, landlords are liable for income tax from any gains.

It sounds all doom and gloom, but it’s not really, it’s just a case of knowing how to keep your costs down, because it’s entirely possible. This section looks at the financial costs of being a Landlord, but mainly focusing on ways that Landlords can reduce costs and maximize profits. For an ultimate guide on how to keep costs down, I would recommend heading over to the Best Ways For Landlords To Cut Costs & Save Money article.

Free ‘Live Landlord Tax Webinar’ Covering Section 24 (New Tax Changes) 19 Mar 2017 30

Free ‘Live Landlord Tax Webinar’ Covering Section 24 (New Tax Changes)

Prepare For (And Fight Against) Landlord Tax Increases 12 Jun 2016 42

Prepare For (And Fight Against) Landlord Tax Increases

Best Ways For Landlords To Cut Costs & Save Money 14 Jul 2014 28

Best Ways For Landlords To Cut Costs & Save Money

Saving Is Pointless Right Now, So I’m Reducing My Mortgage 16 Sep 2013 14

Saving Is Pointless Right Now, So I’m Reducing My Mortgage

No More Council Tax Exemption For Landlords, Probably 17 May 2013 101

No More Council Tax Exemption For Landlords, Probably

I’ve Been Scarred, So I’m Jacking Up The Tenancy Deposit 30 Dec 2012 18

I’ve Been Scarred, So I’m Jacking Up The Tenancy Deposit

The Value Of A Pound Vs The Value Of A Percent 19 Jul 2011 5

The Value Of A Pound Vs The Value Of A Percent

How Much I’ve Spent On Maintenance Costs Over The Years As A landlord 07 Oct 2009 19

How Much I’ve Spent On Maintenance Costs Over The Years As A landlord

List Of FREE Products For Landlords 04 Oct 2009 4

List Of FREE Products For Landlords

Landlords With Empty Properties Are Entitled To Council Tax Exemption 20 Mar 2009 14

Landlords With Empty Properties Are Entitled To Council Tax Exemption

Lowering Rent In Exchange For Tenant’s Decorating 01 Feb 2009 9

Lowering Rent In Exchange For Tenant’s Decorating

Which Council Tax Band Is My House In? 26 Dec 2008 14

Which Council Tax Band Is My House In?

Always Get Quotes When Attending Your Tenants Repairs 26 Nov 2008 1

Always Get Quotes When Attending Your Tenants Repairs

03 Dec 2007 1

Capital Transaction Vs Trading transaction

26 Nov 2007 6

Sell A Property And Benefit From Taper Relief

25 Nov 2007 53

Should Landlords Use A Company To Purchase BTL Property?

06 Nov 2007 23

Landlord Expenses Spreadsheet- Calculating Your Profit & Loss

Credit Card Calculator 17 Oct 2007 0

Credit Card Calculator

How The Main House Price Indices Gather Their Data 16 Oct 2007 0

How The Main House Price Indices Gather Their Data

Tax On Selling Property- Do You Have To Pay Any? 19 Sep 2007 4

Tax On Selling Property- Do You Have To Pay Any?

Landlords Paying Tax On Rental Income 05 Mar 2007 5

Landlords Paying Tax On Rental Income

How Much Stamp Duty Do I Have To pay? 15 Jan 2007 2

How Much Stamp Duty Do I Have To pay?

What Is Stamp Duty? 15 Jan 2007 1

What Is Stamp Duty?

Stamp Duty Land Tax (SDLT) Form 09 Dec 2006 16

Stamp Duty Land Tax (SDLT) Form