Reworded my enquiry to make it easier (hopefully)
I wish to spend roughly £20,000 on battery storage for my 4 x joined Furnished Holiday Lets - charging with cheap overnight electric (perhaps solar but don't know yet).
Our only income is from the FHLs (approx £14,000 each for wife and I), so we pay very little tax each year.
How could I best account for that £20,000 (cash) expense? - ideally, we'd like to spread it over 10 years and claim the business cost at £2,000 per year (£1,000 each of us) which would bring our tax down even lower.
Suggestions welcome please.
And the curveball, what would also happen if we then converted the FHLs to residential AST letting?
THANK YOU
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