The Landlords Energy Savings Allowance (LESA) gives
landlords a tax break to help with the cost of energy efficiency
improvements.
LESA is an easy way of lowering the cost of energy efficiency
improvements for landlords. The LESA is available to all
landlords who pay income tax (excluding corporate landlords) and
who let residential property.
The scheme currently applies to expenditure on buying or
installing qualifying energy saving items incurred before 6 April
2015 and provides private landlords with a tax relief or up to
£1500 per property. This means that landlords can reduce their
taxable income by the amount spent on qualifying items. This
maximum applies irrespective of the number of properties that a
landlord owns.
The qualifying energy saving items are:
- Loft insulation
- Cavity Wall insulation
- Solid Wall insulation
- Floor insulation
- Hot water tank and pipe insulation
- Draft-proofing
More information on LESA can be found on
the HM Revenue
& Customs website.
