I will be soon be letting out my flat as we are moving to a house. I had to refurbish the flat (like to like) to make it rentable. So have done some painting and also put in a new bathroom (again like to like, nothing fancy).
A friend (who is also my neighbour and a ex-builder) helped me do the renovation over 3 weeks working over evenings and weekends.
He has done a really good job and I have learnt a lot working with him
I have agreed to pay him some money (2000 pounds)for his work.
I was hoping to be able to claim these as expenses agains the rental income. I have receipts for all the material that I have bought from Selco, B&Q etc, but since my neighbor isnt trading any more as a builder (He works for Selco), he says he doesnt have vat registration or a receipt book .
Is there any way I can get a receipt for the work he has done for which I will be paying him. Offcourse the time I have put by myself cannot be invoiced, but I was hoping to atleast put some expense for the money I have paid.
Can I just get him to sign a paper saying I have paid him such and such amount for the following work (painting/tiling)?
My first time with the renting /tax thing.
Also I have a repayment mortgage, so will be paying principal and interest, of which only interst is consdered expense. Hence want to reduce tax as I may have to pay out of pocket as I will be in defecit after tax.
Any suggestions / tips ?
Thanks.
with regards
Taz
A friend (who is also my neighbour and a ex-builder) helped me do the renovation over 3 weeks working over evenings and weekends.
He has done a really good job and I have learnt a lot working with him
I have agreed to pay him some money (2000 pounds)for his work.
I was hoping to be able to claim these as expenses agains the rental income. I have receipts for all the material that I have bought from Selco, B&Q etc, but since my neighbor isnt trading any more as a builder (He works for Selco), he says he doesnt have vat registration or a receipt book .
Is there any way I can get a receipt for the work he has done for which I will be paying him. Offcourse the time I have put by myself cannot be invoiced, but I was hoping to atleast put some expense for the money I have paid.
Can I just get him to sign a paper saying I have paid him such and such amount for the following work (painting/tiling)?
My first time with the renting /tax thing.
Also I have a repayment mortgage, so will be paying principal and interest, of which only interst is consdered expense. Hence want to reduce tax as I may have to pay out of pocket as I will be in defecit after tax.
Any suggestions / tips ?
Thanks.
with regards
Taz
