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Buy-to-let repairs – tax deductable if I do it myself?
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apollostarbuck1975 wrote: »Probably means I become less reluctant to get a contractor in as at least I get the tax-reduction benefits that way (but of course have to pay out).
Anyway. You’ve answered my question.
Thank you.
Don’t let tax blind you to the basic economics! The tax you get back is always less than sum you pay out, so the proper analysis is the tax-paid value of your own time versus the tax-free value of the contractors bill. (Assuming that quality of work and materials costs are the same in both scenarios).0
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