Even the best landlords will have voids and some will even plan them (student housing and those selling to names two!) but what are the rules while a house is empty.
Well if the void is simply on a turnaround between tenants then all expenses are allowable in precisely the same way as if it were let.
The only difference really is that you will become liable for some additional costs like council tax and utility standing charges that you would not normally have.
Not to worry they are all completely allowable as an expense. Same goes with all the repairs, insurance and anything else you would normally pay.
Not really something to mention on empties but be sure to still track works carefully. Larger refurbs can creep away from repairs (a revenue deduction against rents) and in to enhancements (a capital cost that goes only against future sale).
Part 2 will cover empties prior to sale…