If a client of ours was to purchase an unfurnished property to let, and buy beds, sofas, tables etc, how is this accounted for? Are they essentially out of the landlords pocket until a replacement is made where they can claim 'Replacement of a Domestic Item', or do they get capitalised and added to the purchase price of the property to reduce CGT on the sale?
13th Sep 2021
Rental Property - Initial Purchase of Fixtures
Do the initial purchase of fixtures get capitalised?
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