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Where Taxpayers and Advisers Meet

Letting agents fee delays due to covid

solange
Posts:73
Joined:Wed Aug 06, 2008 4:00 pm
Letting agents fee delays due to covid

Postby solange » Tue Sep 29, 2020 6:46 am

Hi Guys

Hoping for some guidance.

My rental property became empty in January of this year. I emplyed the services of a letting agent to fully manage the property. It needed some repairs and redecoration and by March it was ready to let out. Viewings commenced early March, however the agent was then furloughed due to covid. The property was eventually let out mid May. All fees due to the letting agent were paid in May.

I account on an accruals basis.

My questions are
1) do I put the tenant find fee into 19/20 accounts as the tenant find commenced in March?
2)I assume the epc, gas cert, inventory should all go into 20/21 given they were done in May? Just not sure given there was a legal obligation from January (when the contract was signed)for this to be carried out by the letting agent?

Thanks for any help

pawncob
Posts:5090
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Letting agents fee delays due to covid

Postby pawncob » Tue Sep 29, 2020 12:23 pm

Depends on when it was invoiced.
Yes.
With a pinch of salt take what I say, but don't exceed your RDA

solange
Posts:73
Joined:Wed Aug 06, 2008 4:00 pm

Re: Letting agents fee delays due to covid

Postby solange » Thu Oct 01, 2020 8:19 am

Thanks for your help pawncob appreciateit!


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