If a (let) property is currently EPC-D and needs cavity wall insulation to bring it up to EPC-C I assume that currently that would count as a capital expense.
If that work is done after it becomes mandatory for let property to be EPC-C would it make any difference to the revenue/capital nature of the expenditure?
I assume that adding more loft insulation would also be capital in nature (that hasn't actually been suggested but given that the insulation that is present was installed in the 80s when the property was built, I assume that current standards would suggest more than is currently installed.) but if, for example, the existing insulation was replaced with new to current building standards would that then possibly come under the "incidental improvement" exception? (I detest fiberglass so unless the price is vastly different, replacing with rock wool rather than just overlaying with rock wool would be my preference even if I won't be living there and even if it is exclusively capital in nature)
The other thing I'm considering is roof solar panels - I assume there's no way that can be anything other than capital expenditure (don't need a new roof).
- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch