We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Rental property tax
Old_Git
Posts: 4,751 Forumite
in Cutting tax
I have a rental property .
which of these are tax deductable
1 replacing wooden floors
2 replacing blinds
3 repairs to exterior garden wall replacing unstable pillars and plastering .
which of these are tax deductable
1 replacing wooden floors
2 replacing blinds
3 repairs to exterior garden wall replacing unstable pillars and plastering .
"Do not regret growing older, it's a privilege denied to many"
0
Comments
-
https://www.gov.uk/guidance/income-tax-when-you-rent-out-a-property-working-out-your-rental-income#allowable-expenses
Is the property currently rented out ? If so then all 3 could be considered repairs / maintenance and deductible. Why are you carrying out 1 & 2, are they improvements or necessary like for like replacements ? Why is the wall being plastered (I assume you mean rendered for an outside wall ! ), was it already rendered ?0 -
I'd say, yes, as long as the property is rented out before and after those works and as long as they are repairs/replacements on a "like for like" basis with no improvement value, i.e. just to repair wear & tear etc.0
This discussion has been closed.
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.5K Work, Benefits & Business
- 615.4K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards