Rental property disposal

allowable costs?

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client has sold a rental prperty, it had lay empty for a period of time

client had sepnt a bit tarting the property up, new carpets, paitnign etc pre sale

are these costs allowable against the disposal?

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JCACE
By jcace
23rd Jan 2021 13:46

Sounds like general maintenance to me, rather than capital. Per the CG Manual "The underlying principle is that (with certain specific minor exceptions) only clearly defined capital expenditure is allowable."

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By SXGuy
23rd Jan 2021 16:17

Ask the accountant.

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