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Rent guarantee insurance

26/04/2019 08:14:02
I purchase rent guarantee insurance which covers the rent and some legal fees if the tenant should stop paying the rent or I have to get legal help to recover unpaid rent or remove them from the property. Is this an allowable expense?
Thank you
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Re:Rent guarantee insurance

29/04/2019 08:49:57
Hi,

Premiums on insurance policies covering the risk of loss of rents are an allowable expense if paid for the purpose of the rental business.

Please see our guidance here:

PIM2110

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