Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

CAN I CLAIM CAPITAL ALLOWANCES FOR MONEY SPENT ON RESIDENTIAL PROPERTY?

April 26, 2017allowances Capital claim money Property Residential spent

0

10 Posted

CAN I CLAIM CAPITAL ALLOWANCES FOR MONEY SPENT ON RESIDENTIAL PROPERTY?

1 Answer

0

10 Posted

It is generally not possible to claim plant and machinery capital allowances for money spent on assets in residential property (e.g. houses and flats) as the relief is intended for commercial premises and not ‘dwelling houses’. However, there are a few exceptions to this.