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Where Taxpayers and Advisers Meet

Insualtion as an expense on let property

FarmerBill
Posts:3
Joined:Wed Aug 06, 2008 3:57 pm
Insualtion as an expense on let property

Postby FarmerBill » Wed Dec 02, 2020 11:45 am

Have I spent some money insulating a residential property that I let out, and also insulating a barn that I let out as commercial units.

Am I correct in thinking that I can claim the barn insulation as an expense, but not the residential property? And if so what is the logic behind this?

While looking it there seems to have been an allowance for insulating domestic property but this finished in April 2019. I would be grateful for some advice.

pawncob
Posts:4573
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Insualtion as an expense on let property

Postby pawncob » Wed Dec 02, 2020 5:22 pm

Depends on the definition of a dwelling.
https://www.property118.com/member/?id=698

HMRC say no allowance for a house.
https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca22220
With a pinch of salt take what I say, but don't exceed your RDA

bd6759
Posts:3449
Joined:Sat Feb 01, 2014 3:26 pm

Re: Insualtion as an expense on let property

Postby bd6759 » Wed Dec 02, 2020 7:21 pm

Just to clarify, the cost is a capital expense and not deductible in the accounts.

The references by pawncob are for capital allowances. Insulation qualifies, but not if it is in a dwelling house.


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