What expenses can I offset against tax?

Allowable Expenses
Certain expenses incurred may be used to reduce the income tax liability on rental income, these include:

• Qualifying mortgage interest
• Management fees
• Advertising expenses
• Estate agent fees
• Insurance premiums
• PRTB tenancy registration fee
• Legal fees for drawing up leases
• Mortgage protection policy premium
• Accountants fees for preparing rental accounts
• Refuse and other service charges – if paid by the landlord
• Cost of repairs and maintenance – this covers repairs and general maintenance of a property, however it is not possible to claim for your own time, for example, cutting the grass
• Wear and Tear