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what property expenses can you claim to reduce your tax bill in this video weamp;#39;ll look at the different types of expenses what costs they apply to and when you can claim them iamp;#39;m james poyza iamp;#39;m the ceo here at provesta the property accountant and weamp;#39;re here to help you with all things property tax first of all what exactly is an expense expenses can be offset against profit reducing the amount of tax youamp;#39;ll pay either each year or when you come to sell a property this is why itamp;#39;s really important to record and claim all expenses from running your property business the professor accounting app made specifically for property investors makes this really easy many landlords donamp;#39;t realize that different types of expenses are treated differently the key concept of this video is revenue versus capital expenses which are the two main types of expense that you can claim a capital expense is a cost incurred when buying or upgrading a proper