Rental properties - allowable expenses

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?

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Another rental property query

Settingupalone |

Capital allowances will be

uktaxpal |

.

blok |
blok's picture

yes you can

uktaxpal |

from the horses mouth.  HMRC

blok |
blok's picture

exactly---NEW

uktaxpal |

the only restriction is on a

uktaxpal |

I agree with blok

Steve Kesby |
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.

blok |
blok's picture

Clarification

uktaxpal |

.

blok |
blok's picture

exactly.section 35 assumes W

uktaxpal |

@uktaxpal

Steve Kesby |
Steve Kesby's picture

that assumes w&t can be

uktaxpal |

W&T not relevant for structure repairs.

Woodsman |

I am so glad I asked those

Settingupalone |

To re-iterate my position is

uktaxpal |

in the case of FURNISHED

uktaxpal |

Lease extension is CGT as in

uktaxpal |

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

mumpin |
mumpin's picture

lease extension-see

uktaxpal |

http://www.hmrc.gov.uk

uktaxpal |

APOLOGIES ACCEPTED HERE or

uktaxpal |

is it just me ...

gerrysims |
gerrysims's picture

is a fitted kitchen furniture

uktaxpal |

@uktaxpal

cathygrimmer |
cathygrimmer's picture

No

gerrysims |
gerrysims's picture

have the read the legislation

uktaxpal |

blood from a stone

gerrysims |
gerrysims's picture

see section 248 caa 2001

uktaxpal |

Let's not fight!

cathygrimmer |
cathygrimmer's picture

did you mean this ?

gerrysims |
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sorry Cathy...

gerrysims |
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@gerrysims

cathygrimmer |
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I do agree with uktaxpal...

Steve Kesby |
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Steve,  I struggle to see

blok |
blok's picture

Quick Note

Henry Osadzinski |
Henry Osadzinski's picture

Appologies no cream cakes

uktaxpal |

hmrc view:Generally, if the

uktaxpal |

 

blok |
blok's picture

there is no claim to pma by

uktaxpal |

.

blok |
blok's picture

Finance companies will always

uktaxpal |

The answer is...YES

Nichola Ross Martin |
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Nichola

George Attazder |
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Sorry George

Nichola Ross Martin |
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What a night...

mumpin |
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Nichola

George Attazder |
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