Capital Allowances/Fixtures & Fittings

Mark_jmc

Registered User
Messages
86
Hi All,
First time landlord here looking for advice on the following:

We are renting our house from 1st August 2012- 31st July 2013.

For the purposes of calculating allowable capital allowances/depreciation on fixtures & fittings am I correct if I do the following?:

2012- add up the values of all the fixtures & fittings, calculate 12.5%, then as we are only renting for 5 months of 2012 calculate 5/12 of that figure?

2012- do the same except calculate on the basis of 7/12 months?

Also how do I assign values to the various fittings etc- eg if there is a kitchen table that cost €800 5 years ago how do I determine the value I use for it now- is it educated guesswork?

Also what can be claimed for under f&F depreciation-
can pretty much anything that is left in the rental property be included?

Many thanks in advance for any help on this,
Best Regards,
Mark
 
Does anyone have an extensive list of what items are allowed as capital allowances please and thanks in advance.
 
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