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Where Taxpayers and Advisers Meet

Repair costs

lloyds99
Posts:40
Joined:Wed Aug 06, 2008 3:32 pm
Repair costs

Postby lloyds99 » Sat Sep 01, 2018 2:56 pm

6 months ago I purchased a 30 year old derelict Wimpey Gnd floor studio flat. The flat had been left with a water leak for some very long period before my purchase resulting in ruined floor surfaces and joists throughout the 3 rooms of the flat (Lounge/Kitchen/Bathroom) that had to be replaced. The flooring in the flat was made from a compressed chipboard material which had become absorbent and swollen over a long period and this rot was throughout the flat. The result is that we have had to employ a builder to completely take up all the flooring & joists after first removing the kitchen, bathroom & lounge fittings including plumbing and electrical wiring. The builder refused to put back the bathroom fixtures and fittings and underfloor wiring and has replaced them with new (to a similar standard/value). He also had to take down a lot of the kitchen & bathroom tiling and completely re-tile the kitchen & bathroom. After removing the skirtings to replace the floor every room needed re-plastering and decoration. I have now finished up with a lovely studio flat with a new bathroom and kitchen that is being offered to let. Can I reclaim for all of this work which will cost me around £15k in view of the fact that only the bottom half of the kitchen cupboards needed replacement and we had a new bathroom/plumbing fitted instead of re-fitting the old stuff? phew! that took some writing down.
Thanks for any info'.... Jackie

pawncob
Posts:5097
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Repair costs

Postby pawncob » Tue Sep 04, 2018 12:40 pm

Odeon case may not cover it as it's a new business.
https://www.accaglobal.com/uk/en/technical-activities/technical-resources-search/2007/january/odeon-v-jones.html

In practice expenditure on repairing and redecorating newly acquired premises is allowed unless abnormal. HMRC do not define "abnormal". so I'd claim for it.
With a pinch of salt take what I say, but don't exceed your RDA

pawncob
Posts:5097
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Repair costs

Postby pawncob » Mon Jan 27, 2020 11:18 am

Search "Odeon" in the searchbox.
https://www.taxationweb.co.uk/forum/viewtopic.php?f=10&t=54387&p=199850&hilit=Odeon#p199850

Opinions still vary.
With a pinch of salt take what I say, but don't exceed your RDA


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