Rental properties - allowable expenses

Posted by Settingupalone PM | on Tue, 03/01/2012 - 11:33 4918 48 comments | report

Happy New Year to all. Is it just me or is it hard to get going after the Xmas break? Can someone confirm for me please. A furnished rental property had a new kitchen fitted during the year - all expenditure wrt the new kitchen including plastering is capital and therefore not deductible against rental income?

Comments

There are 48 comments. Login or register to view them.

Another rental property query

Settingupalone | Tue, 03/01/2012 - 13:51

Capital allowances will be

uktaxpal | Tue, 03/01/2012 - 16:49

.

blok | Wed, 04/01/2012 - 09:20

yes you can

uktaxpal | Wed, 04/01/2012 - 09:49

from the horses mouth. HMRC

blok | Wed, 04/01/2012 - 09:59

exactly---NEW

uktaxpal | Wed, 04/01/2012 - 10:20

the only restriction is on a

uktaxpal | Wed, 04/01/2012 - 10:25

I agree with blok

Steve Kesby | Thu, 05/01/2012 - 10:58

.

blok | Wed, 04/01/2012 - 10:33

Clarification

uktaxpal | Wed, 04/01/2012 - 10:38

.

blok | Wed, 04/01/2012 - 10:51

exactly.section 35 assumes W

uktaxpal | Wed, 04/01/2012 - 10:57

@uktaxpal

Steve Kesby | Wed, 04/01/2012 - 11:13

that assumes w&t can be

uktaxpal | Wed, 04/01/2012 - 11:14

W&T not relevant for structure repairs.

Woodsman | Wed, 04/01/2012 - 16:50

I am so glad I asked those

Settingupalone | Wed, 04/01/2012 - 18:28

To re-iterate my position is

uktaxpal | Wed, 04/01/2012 - 18:23

in the case of FURNISHED

uktaxpal | Wed, 04/01/2012 - 18:34

Lease extension is CGT as in

uktaxpal | Wed, 04/01/2012 - 18:39

No CA's on P&M in let dwelling house

mumpin | Wed, 04/01/2012 - 19:54

lease extension-see

uktaxpal | Wed, 04/01/2012 - 23:19

http://www.hmrc.gov.uk

uktaxpal | Wed, 04/01/2012 - 23:50

APOLOGIES ACCEPTED HERE or

uktaxpal | Thu, 05/01/2012 - 08:38

is it just me ...

gerrysims | Thu, 05/01/2012 - 08:03

is a fitted kitchen furniture

uktaxpal | Thu, 05/01/2012 - 08:39

@uktaxpal

cathygrimmer | Thu, 05/01/2012 - 08:50

No

gerrysims | Thu, 05/01/2012 - 08:54

have the read the legislation

uktaxpal | Thu, 05/01/2012 - 09:40

blood from a stone

gerrysims | Thu, 05/01/2012 - 09:48

see section 248 caa 2001

uktaxpal | Thu, 05/01/2012 - 10:04

Let's not fight!

cathygrimmer | Thu, 05/01/2012 - 10:22

did you mean this ?

gerrysims | Thu, 05/01/2012 - 10:23

sorry Cathy...

gerrysims | Thu, 05/01/2012 - 10:25

@gerrysims

cathygrimmer | Thu, 05/01/2012 - 10:26

I do agree with uktaxpal...

Steve Kesby | Thu, 05/01/2012 - 11:12

Steve, I struggle to see

blok | Thu, 05/01/2012 - 11:52

Quick Note

Henry Osadzinski | Thu, 05/01/2012 - 12:46

Appologies no cream cakes

uktaxpal | Fri, 06/01/2012 - 06:53

hmrc view:Generally, if the

uktaxpal | Fri, 06/01/2012 - 07:16

blok | Fri, 06/01/2012 - 08:41

there is no claim to pma by

uktaxpal | Fri, 06/01/2012 - 09:08

.

blok | Fri, 06/01/2012 - 09:24

Finance companies will always

uktaxpal | Fri, 06/01/2012 - 09:27

The answer is...YES

Nichola Ross Martin | Thu, 12/01/2012 - 14:04

Nichola

George Attazder | Thu, 12/01/2012 - 14:17

Sorry George

Nichola Ross Martin | Mon, 16/01/2012 - 14:47

What a night...

mumpin | Thu, 12/01/2012 - 15:33

Nichola

George Attazder | Thu, 12/01/2012 - 17:55