Repairs vs W & T Capital allowance Residential Rental

CGI_3 wrote: »

How would you treat the following:

These feel like 12.5% W & T to me, but what's the norm:

Re-tiling a bathroom. circa 500 EUR
New floor Lino Circa 250
Insulation topup (blown into walls and attic increased) Circa 700
New Kitchen Circa 2000
New Gas Boiler 1750

I just put the values in case it directs the thing towards repairs...

Re-tiling, replacement of lino and replacement of the gas boiler are all "repairs".

New kitchen is a fixture so claim 12.5% wear and tear on that.

Insulation is an improvement to the structure, so probably not claimable either way, but you can include it if/when you sell the property to reduce your CGT liability.

By the way, re-tiling, insulation, the new kitchen and gas boiler would, I think, all be claimable under the Home Renovation Incentive so you'd get the VAT back as tax credits over the following 2 years...I hope you claimed...