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Taxation on renovate property
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For what purpose are you currently renovating?
You said in the event you rent it out, which suggests you might not, now you are saying it will be rented out.0 -
It needed ne windows and a kitchen, I am unsure if I will rent or sell, sorry for the vagaries0
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I wouldn't say you could consider that as an expenses when if you do come to rent then because it isn't for the purpose of getting it ready to rent.0
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berbatov10 wrote: »It is at this time, but when completed I intend to move in with OH , then becomes a let property
redecorating etc prior to letting would probably count as an allowable expense against renting income; improvements are capital0
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