Elmfield Posted June 7, 2014 Report Share Posted June 7, 2014 Hi, Does anyone know, is appliance insurance an allowable expense. Thanks in anticipation. Elmfield Link to comment Share on other sites More sharing options...
Richlist Posted June 7, 2014 Report Share Posted June 7, 2014 More details required. Link to comment Share on other sites More sharing options...
Elmfield Posted June 7, 2014 Author Report Share Posted June 7, 2014 We bought a new washing machine for our BTL and paid extra for yearly servicing plus call outs for repairs. Cheers Elmfield Link to comment Share on other sites More sharing options...
Richlist Posted June 8, 2014 Report Share Posted June 8, 2014 My take on the situation is as follows: Built In If the appliance is built in then it becomes part of the building and any costs can be claimed as a revenue expense....repairs, replacement, insurance etc Free Standing If the appliance is free standing then neither the appliance or any associated costs can be claimed separately. The tax changes in April 2013 resulted in only the 10% wear & tear allowance being available and that is only for fully furnished property. Although repairs are still an allowable revenue expense, your insurance is linked to the replacement cost of the appliance and therefore becomes an associated cost. Others will no doubt have a different view. Link to comment Share on other sites More sharing options...
Elmfield Posted June 8, 2014 Author Report Share Posted June 8, 2014 Richlist, Thanks for your help. Elmfield Link to comment Share on other sites More sharing options...
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