New boiler for letting property

29-09-2021 4:54pm #1

The hot water suddenly went on my letting property, so my agent sent a gas installer to investigate. The old boiler is completely defunct and needs replacement. Going to cost me €2300, spread over payments taken during the following months of rent by my agent.

I look after my own tax affairs, and would assume this would by treated by Revenue as a repairs issue, and from my research this far I am fairly confident this would be the case rather than it being treated as a depreciating capital asset like, eg white goods.

Borzoi · 29-09-2021 7:03pm

Technically the fitting is a repair, the boiler is an asset to be depreciated over 8 years or so.

But personally, I'd just lump it all as a repair

29-09-2021 7:43pm

https://www.boards.ie/discussion/comment/117955623#Comment_117955623

I intend doing that.

ted1 · 29-09-2021 7:46pm

I lumped it in as a repair.

are you sure it’s just the boiler ? Might be worthwhile changing old rads.

29-09-2021 7:48pm

It’s definitely the boiler, nothing right with it. They haven’t the heat on yet, but they have no hotel water.

29-09-2021 7:51pm

If the property is pre-2006 you may qualify for a SEAI grant

29-09-2021 8:12pm

It’s not a pre 2006 build so definitely doesn’t qualify. It’s a well insulated property too.

ted1 · 29-09-2021 9:55pm

do rentals?. And to qualify you need to jump through hoops that Jack up the price. Better off just going for a basic swap. But as I said check the rads. Might be worth changing them too

New boiler for letting property

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