We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Rental income - tax allowance for replacement path
Options
Ilsham
Posts: 1 Newbie
in Cutting tax
The approach to my rental property was via a concrete pathway which started to break up leaving it hazardous and a health and safety issue. I replaced it with a tarmac access. Can I claim all this as a taxable allowance?
0
Comments
-
yes
it is a repair cost against your rental income profits liable for income tax
it is NOT a capital cost against future CGT, just because the surface changed does not make it a capital "improvement"5
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards