A landlord paid the deposit to the DPS 3 days late. Tenant found out and appointed lawyers that came after the landlord. He settled with the tenant by paying £8k and had to pay his own lawyers £2.5k. ( Not happy as they trashed his flat when they moved out too)
When I do his rental accounts to go in his tax return are the two figures 8+2.5 above allowable expenses for tax?
I am thinking probably not but dont know for certain and at 40% tax....
cheers
Tom
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