Claiming tax for item purchased vs building work

[reph4444]

is it possible to add items to my SA tax return that have been purchased from (for example) B&Q that I have purchased and used/fitted myself to prevent having to pay a builder

e.g.:-

Paint/Brushes etc.. Weed Control Matting Bath Waste Shower Screen

[Melboy]

Yes you can but you cannot claim labour rates / charges for any work undertaken by yourself.

[reph4444]

thanks Melboy

assume it goes in the "Property repairs, maintenance and renewals" section?

and should be the gross amount rather than the NET or VAT value?

[Melboy]

thanks Melboy

assume it goes in the "Property repairs, maintenance and renewals" section?

and should be the gross amount rather than the NET or VAT value?

Whatever you have paid for the items from where ever you have purchased these items inc.the vat is added to your overall spend on your tax return under property maintenance. Keep all the receipts though.

[Harry Fisher]

I bought my house (that I plan renting) last November and have been doing all the work myself, I have a big pile of B&Q receipts, how do the tax people know that the items purchased were for the house being rented?

[Richlist]

They will know because you say its true. When you complete the self assessment forms you sign to say that your claim is valid....so you need to BE SURE that it is.

Don't assume that your pre letting expenses are allowed to be offset against income tax......you may find that they are more likely to be capital expenditure which can only be offset against future capital gains when the property is sold.

You should of course still keep all of the receipts, invoices and proof of payment.