Receivers ripped out boiler!

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    Receivers ripped out boiler!

    Hello all,

    I have bought two flats from a receiver that was put in place when the previous owner (a ltd company) went bust. When the last tennent got thrown out, the last tennent also took out the newly fitted kitchen with them ! I have replaced the two boilers they took out as well as putting back a working kitchen.

    Now all the radiators was still in place, as well as the pipe work, etc. just the actual boilers were taken.

    Now to me, this is not an improvement as far as taxable talk goes, or is it!

    Is it tax deductible (hope it is, it has cost a lot of cash putting the place right).

    Bob.

    #2
    HMRC may regard the expenditure as capital :

    http://www.hmrc.gov.uk/manuals/pimmanual/PIM2020.htm

    Comment


      #3
      Thank you King Maker, a very interesting link.

      So, if the boilers/kitchen were in place but were not usable, then placing in a similar spec boiler/ kitchen would have been tax deductible?

      Sorry if this is an obvious question (just starting to get my head around it all).

      Comment


        #4
        Yes, that would more likely to be classed as a repair/maintenance.

        Comment


          #5
          Thank you King Maker, I learnt a lot with that!

          Bob

          Comment

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