Business expenditure rules on main residence

Didn't find your answer?

Hello

My query is about the tax rule interpretation of allowable business expenses to offset income tax. We replaced windows across our main residence that were in various states of disrepair (double glazing failure, rotting wood frames etc). This house is now let, and I am trying to interpret HMRC rules - will this be an allowable business expenditure, or will it be classed as a future opportunity to reduce any capital gain. The former is more preferable!

Appreciate the help

Replies (2)

Please login or register to join the discussion.

paddle steamer
By DJKL
21st Jan 2017 13:13

Like comedy the secret may be;

Timing

Thanks (0)
avatar
By Wanderer
21st Jan 2017 18:55

Quote:
This house is now let, and I am trying to interpret HMRC rules - will this be an allowable business expenditure, or will it be classed as a future opportunity to reduce any capital gain. The former is more preferable!

Possibly neither.
Thanks (0)