I have a rental house which was vacated last June after a number of years of tenanted occupancy. The house has been empty since then while I dithered on what I was going to do with it. It needs a bit of work to get it up to a decent standard again. I know if I installed things like new heating , windows etc this would be considered Capital Expenditure and I could not claim them against my Tax Returns.
However I have also discovered the ceiling below the bathroom is about to come down due a leak the tenant did n't inform me about. The bathroom floorboards are soaked , possibly rotting and look like they will have to be replaced.
Would repairs to the bathroom floor be deductible as expenses even though the house is empty at the moment.
There is something at the back of my mind that Pre-letting expenses are not allowable against Tax but I don't quite understand if that means from the very first time a house is rented out or anytime the house is vacant.
Any thoughts out there.
However I have also discovered the ceiling below the bathroom is about to come down due a leak the tenant did n't inform me about. The bathroom floorboards are soaked , possibly rotting and look like they will have to be replaced.
Would repairs to the bathroom floor be deductible as expenses even though the house is empty at the moment.
There is something at the back of my mind that Pre-letting expenses are not allowable against Tax but I don't quite understand if that means from the very first time a house is rented out or anytime the house is vacant.
Any thoughts out there.