Replacement Windows

  • Filter
  • Time
  • Show
Clear All
new posts

    Replacement Windows

    Have been renting out 2 properties for over 10 years, during that time repairs and maintenance have been between £500 to £2000 in total per year.
    This year have replaced 30 year old windows/doors and guttering, so repairs will amount to around £11k.
    My query is, do I need to add any notes to my tax return for this? As guessing maybe flagged up? Although are legitimate costs.


    I am not sure if you need to, however I always tend to add a note if the maintenance is high for a particular year e.g. if Section 20 works etc. Have never had anything queried. I imagine things are becoming more and more automated so if a difference in trend it may throw it up.


      Thanks, think i might do this.


        I would volunteer some explanation in the tax return for any excessive expense during the year.

        It becomes worrying if something in your tax return causes the tax office to investigate you.


        Latest Activity


        • Buying new commercial, set up Ltd co?
          I own a number of properties, earn over the 40% threshold, trade as a private individual and do a self assessment return each year for Land & Property.

          Now, I'm looking at a new property, but commercial this time, I'm 50/50 about setting up a Ltd company to purchase the new property...
          11-07-2018, 13:17 PM
        • Reply to Buying new commercial, set up Ltd co?
          A limited company doesn’t have to have been operating before you buy your first property within it, indeed many lenders will use your personal involvement in Property as a measure of credibility.
          If you decide to include your children , are they over 17 years of age and what percentage will...
          11-07-2018, 20:04 PM
        • Capital gains sale

          Wonder if you can help.

          I own a currently rented out property and looking to sell.

          Its a little confusing hence my question.

          So to run down a timeline

          March 14 - bought the flat on a shared ownership basis - 50% of full value of...
          07-07-2018, 20:10 PM
        • Reply to Capital gains sale
          Your total buying cost = GBP 163K . So if you sell at 280K , then your total gain = 280K-163K = GBP 117K .

          Your total period of ownership from Mar 14 to Sept 2018 = 4 years + 6 Months = 4.5 years..

          Your period of former main residence = March 14 -April 16 + 18 Months from...
          09-07-2018, 19:48 PM
        • Reply to Capital gains sale
          Thanks for your reply
          Estimated sale price is 280,000.
          09-07-2018, 18:14 PM
        • Reply to Capital gains sale
          What is the estimated asking price / sale value in Jul 2018 ?
          08-07-2018, 18:52 PM
        • Joint Tennant implications for non married ownership
          hello I am hoping that someone knows about the complex situation where 2 non related and non married people own a property. the question is about CGT as the property is not rented currently.

          2 people are listed on a property title deeds, person 1 is not receiving any benefits from the...
          01-07-2018, 08:14 AM
        • Reply to Joint Tennant implications for non married ownership
          Berkshire 45 ,

          Here are my comments :

          1. The caital gains tax is Nil % rate for capital gain acquired during the period of owner occupier whilst the non-occupier can be charged tax at 18 % or 28%.on balance after deducting the free allowance.of GBP 11.5K

          So when...
          08-07-2018, 08:21 AM
        • Claiming for Travel and Subsistence Costs
          Martin Purches
          Hi - I'm a new member so forgive me for asking a question which I'm sure has come up before.

          I own buy to let holiday lets which are 200 miles from my home. When I travel to them for maintenance/inspections etc I claim the mileage (45ppm plus 5ppp passenger).

          I'm unclear though...
          01-06-2018, 08:20 AM
        • Reply to Claiming for Travel and Subsistence Costs
          Exactly DPT57, it does make it pointless, unless youre in the 40% tax bracket and your partner owns the holiday let and is in the 20% bracket?
          Also its not actually clear whats going on - the OP travels 200 miles from his main home to do repair work, so how then does he repair the main home at...
          05-07-2018, 12:44 PM