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Allowable Expense


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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.

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