Letting business - allowable tax deductions

madeupname1

I am in the process of preparing my tax return (well in advance for a change)! I have been claiming 10% wear and tear allowance so I understand that the costs of purchasing certain new things (e.g. carpet) cannot be deducted. However, are costs relating to fitting and delivery tax deductible? For example if I spend £1000 on new carpet and £600 relates the cost of the carpet but £400 relates to the cost of delivery and fitting the carpet, can the £400 be set off as a tax deductible expense?

Thanks in advance

taxsaver

You do know that the 10% allowance is only available to furnished property lets and not for unfurnished?

madeupname1

Yes I do know this. Thanks

taxing

To answer your question - no, there isn't anything to stop you from claiming the cost of delivery & fitting as a separate expense, so far as I can see.

http://www.hmrc.gov.uk/manuals/pimmanual/PIM3200.htm

Regards

madeupname1

taxing wrote: »

To answer your question - no, there isn't anything to stop you from claiming the cost of delivery & fitting as a separate expense, so far as I can see.

http://www.hmrc.gov.uk/manuals/pimmanual/PIM3200.htm

Regards

Thank you. Very helpful.