Property and business expenses

Businesses will incur expenses related to their running which are important to record and pass to your accountant. A property portfolio is no different and your day to day expenses contribute to keeping your tax bills as low as possible.

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FAQs

Do I need to keep receipts for my purchases?

You need to retain receipts for all business expenses for 6 years plus the current year as HMRC would want to see these, should they make an enquiry. It is up to you whether you keep the original paper copies or if you store them digitally by uploading them to Provestor.