Tax credits for Home

avi_3

Hi - I am a first time home buyer. Bought my house in july last year. Can i claim any tax credit eg on money spent to maintain house, built conservatory, etc
Please advice

Bossyboots

You might be able to get a grant to do essential repairs, but you don't really expect the tax payer to fund your home improvements do you?

sneekymum

You used to be able to get grants to do with energy - insulation, heating controls, condensing boilers etc - you'll find the number of you local Energy Advice Line inthe Yellow Pages.

sarahlouise210

avi wrote:

Hi - I am a first time home buyer. Bought my house in july last year. Can i claim any tax credit eg on money spent to maintain house, built conservatory, etc
Please advice

:rotfl: :rotfl: whatever next ??!!! Let us know when you want a new kitchen and we`ll have a whip round!

You have not quoted essential repairs or improvements that would help your health if disabled or elderley etc... that would be different! why should the taxpayer (eg us) pay for your conservatory and home comforts??

avi_3

Hi - Sorry. I was told that everyone was eligible for money spent to ensure the house is kept in a good state of repair. I later (yesterday) learnt that when you sell the house you can claim for the expenses.
Is this true?
Please don't get me wrong

Bossyboots

Someone is telling you porkies. Think about it logically. Why would you be given money to keep your private residence in good repair?

As I said before, there are grants for essential works if a house is in disrepair but that can be repayable under certain conditions, the main one being if you sell the house within a certain time.

sarahlouise210

you may possibly be getting confused with the tax allowances that are available when you have a property that you rent out. Expenses are available in those circumstances and also when you sell the rented property some expenditure is allowed to set against Capital Gains tax - in your case... in your own home.. lived in by you ..your on your own!!!

avi_3

Thanks every1. That clarifeis things