D
dcostigan
Guest
Hi all
Can someone clarify the following (which has me incredibly confused as I get different answers depending who i ask!)
I bought my apartment in 2005. I live there for 5 years and then I moved in with girlfriend (now wife) So I've been renting it out since October 2010.
Can I claim capital allowances on things like carpets, curtains, furniture etc that I bought when I initially moved in (in 2005) on rental income earned since I started renting it out. One accountant is saying you can't claim on pre-letting expenses but surely capital allowances is different since you kit out a house / apartment before you start renting it
Any help would be much appreciated
David
Can someone clarify the following (which has me incredibly confused as I get different answers depending who i ask!)
I bought my apartment in 2005. I live there for 5 years and then I moved in with girlfriend (now wife) So I've been renting it out since October 2010.
Can I claim capital allowances on things like carpets, curtains, furniture etc that I bought when I initially moved in (in 2005) on rental income earned since I started renting it out. One accountant is saying you can't claim on pre-letting expenses but surely capital allowances is different since you kit out a house / apartment before you start renting it
Any help would be much appreciated
David