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
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Possibly neither. 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!