Improving electrical safety without a full rewire

Risteard

Silver-Surfer wrote: »

Once you're in possession of a report who knows how much you paid for it?

You miss the point. A report at the prices being suggested by some will be completely worthless and won't have been carried out by a competent Electrician. The installation won't have been looked at in any detail (or perhaps at all).

This means the paperwork associated with it will have no value whatsoever (or even a negative value as it will mislead).

dominoman

Ok many thanks HeedtheAdvice and Risteard and others.

I will go for the condition report first then. The person who quoted me 150 + VAT for the NIC EIC condition report seemed a decent bloke so will try that one.

Having seen the state of my electrics I'm a bit scared of what it will say!

Risteard

dominoman wrote: »

Ok many thanks HeedtheAdvice and Risteard and others.

I will go for the condition report first then. The person who quoted me 150 + VAT for the NIC EIC condition report seemed a decent bloke so will try that one.

Having seen the state of my electrics I'm a bit scared of what it will say!

As I said earlier that is a very typical price for the Report so should give you confidence that it will be carried out competently.

And don't be scared! Not knowing about problems won't protect you!

dominoman

I had the report done today. Cost me 150+VAT, but it was money well spent. The guy spent three hours here doing the testing and wrote many pages of notes.

I'm looking forward to getting the report in the next few days but already I know there are some pretty serious problems in the house, so getting it all fixed won't be cheap.

I_have_spoken

If you're renting, anything you spend should be deductible against taxable income from rental.

shaun_from_Africa

I_have_spoken wrote: »

If you're renting, anything you spend should be deductible against taxable income from rental.

As the OP is only considering letting out the property and is presumably still using it as their primary residence, would they be able offset the costs against their tax bill from the rental income if the work was carried out whilst they were still living there?

kinger101

shaun_from_Africa wrote: »

As the OP is only considering letting out the property and is presumably still using it as their primary residence, would they be able offset the costs against their tax bill from the rental income if the work was carried out whilst they were still living there?

The expenditure would need to be incurred exclusively for the purpose of letting. HMRC might argue they derived benefit from the testing while they lived there.