fifilovestrixy Posted February 14, 2007 Report Share Posted February 14, 2007 Hey there, New to the forum, so please be gentle! Grateful if anyone has any information regarding whether a house that does not have central heating (it has a gas fire in the living room and fixed wall mounted gas heaters in the bedrooms and an immersion heater with timer) is suitable to let out? Is it just a case of getting a gas safety certificate for the 3 gas heaters? If so, does anyone know a corgi registered engineer in Oldbury (West Mids)? Thanks in advance. Fi Link to comment Share on other sites More sharing options...
Trenners Posted February 14, 2007 Report Share Posted February 14, 2007 Hi Fi, From a gas safety perspective - as long as a Landlords Gas Safety Inspection is undertaken by a qualified CORGI engineer - then there should be no problem in letting the property out. However, if you are going to let the property to a family with children then those types of heater can get very hot on the outside and might be a danger to a young child so I would recommend either buying fireguards or, if budget allows, upgrade to a proper central heating system (that will increase the value of your property) Good luck Mark Link to comment Share on other sites More sharing options...
Melboy Posted February 15, 2007 Report Share Posted February 15, 2007 Fi........get rid of the heaters......they are an absolute menace. Install proper central heating. I believe this is a tax deductable expense now to get the property into a rentable proposition. Regards Mel. Link to comment Share on other sites More sharing options...
Matthew Posted February 15, 2007 Report Share Posted February 15, 2007 Is it Melboy? I have always been led to believe that when you purchase a property, all renovation works and installation of new boiler etc to get the property to lettable condition are not tax deductible. Please advise if this has changed, Thanks. Link to comment Share on other sites More sharing options...
Melboy Posted February 15, 2007 Report Share Posted February 15, 2007 Is it Melboy? I have always been led to believe that when you purchase a property, all renovation works and installation of new boiler etc to get the property to lettable condition are not tax deductible. Please advise if this has changed, Thanks. Plym 77 is our tax expert but as far as I am aware there is provision to claim back as a tax break if you install heating into an unheated house by way of central heating for the benefit of a Tenant. In any event, if you ever came to sell the property the installation cost would be offset against capital cost for Capital Gains (less tax to pay). Link to comment Share on other sites More sharing options...
plym77 Posted February 16, 2007 Report Share Posted February 16, 2007 Hi all To clear this up, Melboy is correct - central heating installation would be tax deductible on the basis that the 'entity' is the house and that before the work there was heating, and so therefore you are merely upgrading to 'modern equivalents' - this is very much the same as double glazing replacing old single glazing. The installation of a modern equivalent is therefore not an improvement, but a revenue expense. Hope this clarifies for all Regards Sherena Link to comment Share on other sites More sharing options...
fifilovestrixy Posted February 20, 2007 Author Report Share Posted February 20, 2007 Thanks very much folks, much appreciated! Fi Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.