An individual has a property rental business that consisted of one residential property & one commercial property. The residential let ceased in 15/16 & since then he has spent £40k refurbishing the property with a view to selling it imminently.
He wishes to claim the refurb costs as enhancement expenditure in the CGT comp. However, most of these costs aren't capital in nature, they are repairs, decorating etc. Is he instead able to claim these costs against the rent from the commercial let? Or does the fact that the residential property no longer form part of his property rental business effectively mean that no tax relief is due on these repair and maintenance costs?