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Property busness
Yes it is property income
Hi,
First time posting question, not sure if I am at right place,
For buy to let property, is boiler replacement allowable expenditure ?
Thanks
I would assume a boiler to be a part of the property and would not therefore be eligible for domestic items relief even if the property was let furnished and would therefore be treated as a capital cost and would be deducted as an allowable cost in computing any chargeable gain arising on disposal
I think you need to read my answer again - the cost is NOT set off against property income.
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