Unfurnished properties with white goods - renewals

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Unfurnished properties with white goods - renewals

    Please can anyone help me with a question on white goods. A property was purchased for buy to let including white goods - The washing machine and tumble dryer were replaced whilst the property was tenanted. The property was rented out as being unfurnished.
    Should I have claimed for these new appliances as replacements or do I haveto wait until they are subsequently replaced?

    Any advices would be appreciated

    #2
    I believe that due to a rule change, you can only claim for them if the replacements were bought before 5th April 2013.
    To save them chiming in, JPKeates, Theartfullodger, Boletus, Mindthegap, Macromia, Holy Cow & Ted.E.Bear think the opposite of me on almost every subject.

    Comment


      #3
      Originally posted by JK0 View Post
      I believe that due to a rule change, you can only claim for them if the replacements were bought before 5th April 2013.
      Thank you, I now remember spotting an article about the changes, but unfortunately forgot about it.

      I have just replaced a cooker in another property within the last month to make it more attractive to rent out.

      My concern was the fact that the white goods in this instance were purchased as part of the household inventory and as such I don't have individual receipts to prove this. Just the receipts for the renewals. Will this keep the tax man happy?

      Comment


        #4
        Originally posted by NHR View Post
        Will this keep the tax man happy?
        Others may correct me, but I would have thought so.
        To save them chiming in, JPKeates, Theartfullodger, Boletus, Mindthegap, Macromia, Holy Cow & Ted.E.Bear think the opposite of me on almost every subject.

        Comment

        Latest Activity

        Collapse

        • Any property tax experts you can recommend please?
          by mpppen
          Hello,
          We have a small BTL portolio of five properties. Some are in our personal names and the latter ones in a property company we set up a few years' ago when the tax rules changed.

          I'd really like to find someone who can advise us of the best way of either bringing the personal...
          03-03-2022, 20:00 PM
        • Reply to Any property tax experts you can recommend please?
          by Trevor62
          Thank-you for the link.

          Well my issue is Tax & Assets.

          Firstly, I am in the process of building a house in my side garden, when complete I will own two properties.

          Will I have to pay stamp duty for the new build?

          Because I am an old dad and my...
          19-05-2022, 19:44 PM
        • Capital Gains Tax dilemma
          by Ollyn
          Hello

          I am considering whether to sell my house which has been let for some time and need to see how I can best deal with CGT.

          I lived in the property from 1984 until 2006.

          From 2006 it has been occupied by tenants, now vacant and being renovated.

          ...
          18-05-2022, 18:17 PM
        • Reply to Capital Gains Tax dilemma
          by Gordon999
          You have owned the property for 38 years ( 1984 - 2022 ) and lived in the property for 22 Years ( 1984-2006 ) plus 16 years for letting..

          The total capital gain over 38 years is apportioned between "residence period" ( exempt for cgt ) and "letting period" ( liable...
          19-05-2022, 10:07 AM
        • Reply to Capital Gains Tax dilemma
          by ash72
          You should seek advice from an accountant, or a property tax for tailored advice to your specific circumstances, you may be entitled to some relief if the property at any time was your own principal residence.
          18-05-2022, 21:14 PM
        • Reply to Capital Gains Tax dilemma
          by theartfullodger
          You declare (online) and pay CGT within 60 days of sale. Depending on the numbers I would expect you to pay CGT. What records do you have of applicable costs, etc?

          What you pay will depend on what CGT rules when you sell - v unlikely to be better than today, possibly worse. Covid,...
          18-05-2022, 18:29 PM
        • Reply to Tax Allowance on Rental Income.
          by Gordon999
          The property allowance is a tax exemption of up to £1,000 a year for individuals with income from land or property.

          If you own a property jointly with others, you’re each eligible for the £1,000 allowance against your share of the gross rental income.

          If your annual gross...
          18-05-2022, 16:47 PM
        • Tax Allowance on Rental Income.
          by banner257
          Can anyone help please, if a rental property is owned by two people 50 50. Would each owner be allowed to claim tax relief of £1000 each, or will the allowance of £1000 be split 50 50.
          Thanks
          18-05-2022, 08:42 AM
        • Reply to Tax Allowance on Rental Income.
          by jpkeates
          It's £1,000 each.

          Most landlords don't use this though, because it's rare for income from a rental property to be low enough to qualify,
          18-05-2022, 09:59 AM
        • Consent to Let - do we still need to pay tax
          by VIKKI99
          Hi, For kids school - we need to let out our Own House and move to a rental property close to school.
          The rental money I receive from my tenants is exactly same as rent I pay on my property where I am a tenant.
          Question : Rental money I receive from Tenants - should it be considered as income...
          18-05-2022, 01:07 AM
        Working...
        X