Is Landlord Insurance Tax Deductible?
Yes! As a landlord, you can claim certain costs as a business expense when calculating the amount of Income Tax that you owe.
One of these costs is Landlord Insurance, including both the Buildings and Contents cover. This means that the cost of insuring your property is an allowable expense and is therefore tax deductible.
If you protect your rental income with Rent Guarantee Insurance, you’ll also be pleased to know that this can be offset against your tax bill.