SA105 Property Expenses

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    SA105 Property Expenses

    Our tenants reported a leaking roof back in January which didn't actually recur again after the initial report, they moved out in February and while we were freshening up the house for the new tenants we had the roof inspected, and decided that rather than pay out for a patch job that we would replace the whole roof. I understand I can't set this off against tax? however while this was in progress they showed me that the chimney stacks needed repointing and new flashing, this was quoted and invoiced separately, can this be offset against tax as it is a repair? I'm also assuming that the money i spent on paint etc cannot be included as I did that work myself?

    #2
    Why do you think the roof repair can't be claimed against tax?
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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      #3
      Hi jpkeates, I understood that a repair could be counted, but we chose to replace the whole roof, rather than go for just a repair...

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        #4
        It's still an operating cost and still allowable.
        A very cautious person might allocate some of the cost as a capital item, but I wouldn't.

        Allowable costs are any costs incurred solely and exclusively for the business.
        Then you allocate them as either operational (allowed against income) or capital (allowed against the gain on disposal).
        When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
        Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

        Comment

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