Hi,
We own and rent out a house. We got the gas boiler serviced at the weekend, and the guy doing the service advised that some part is likely to fail soon, and probably wouldn't be worth replacing. (Boiler is about 18 years old) I was wondering if it possible to deduct the cost of a replacement boiler from tax due?
I think it is a bit of a grey area. As it it could be seen as a capital investment, but at the same time I won't be replacing with an improved system, zoned heating etc, I will be just replacing the existing (nearly kaputt) gas boiler with a new working version?
Thanks.
We own and rent out a house. We got the gas boiler serviced at the weekend, and the guy doing the service advised that some part is likely to fail soon, and probably wouldn't be worth replacing. (Boiler is about 18 years old) I was wondering if it possible to deduct the cost of a replacement boiler from tax due?
I think it is a bit of a grey area. As it it could be seen as a capital investment, but at the same time I won't be replacing with an improved system, zoned heating etc, I will be just replacing the existing (nearly kaputt) gas boiler with a new working version?
Thanks.