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Investment Property Insulation, Capital or Expense

  • 18-10-2018 7:25pm
    #1
    CGI_3
    Registered Users, Registered Users 2 Posts: 299 ✭✭


    Capital expense written off over 8 years, or one off expense for tax return purposes?

    Its 750 euros for what it's worth... Walls and ceilings.

    I'm inclined to think Capital. Accountant thinks it could be a once off as a 'repair' (seeing as it was 'deficient' (by current standards!))

    Thoughts?


Comments

  • #2
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,887 ✭✭✭✭Calahonda52


    Capital according to the matching concept: match expense to income, in this case energy saved: life time savings.

    Is it material in the overall P&L?

    “I can’t pay my staff or mortgage with instagram likes”.



  • #3
    CGI_3
    Registered Users, Registered Users 2 Posts: 299 ✭✭CGI_3


    Calahonda52 wrote: »

    Is it material in the overall P&L?

    Not really, so I think I'll stick to what i was thinking, spread it over 8 years.

    Thanks.


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