New boiler

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    New boiler

    I have to replace the old gas boiler in my BTL. Will I be able to claim the full cost against my tax bill?

    It's deductable as a business expense, yes.
    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).


      Unless what you mean by "claim the full cost against my tax bill" is that

      Tax payable £3000
      New boiler £3000
      Adjusted Tax payable £0

      In which case, no


        You actually claim the full cost of new boiler against annual rental income .

        This reduces the amount of profit which is taxable at 20% or 40% etc. .


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