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Where Taxpayers and Advisers Meet

Wear & Tear& Capital

guardog
Posts:11
Joined:Thu Jul 03, 2014 4:58 pm
Wear & Tear& Capital

Postby guardog » Thu Jul 03, 2014 5:04 pm

Hi

I have looked everywhere for an answer for this but have not yet found one either in the forum or on the web. I am hoping that someone will be able to just tell me what to do.

I understand the W&T allowance perfectly - no problem but when I come to sell the buy to let property can I add the cost of say the furniture as after all it is a capital outlay to the cost of the property or as I have had the W&T allowance I can't.

Thanks

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Wear & Tear& Capital

Postby pawncob » Fri Jul 04, 2014 11:07 am

No you can't. They aren't part of the fabric so not available as a deduction. Sell them separately.
With a pinch of salt take what I say, but don't exceed your RDA


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