I don't think a central heating system could be classified as a fixture or fitting for capital allowance purposes.
It is enhancement expenditure IMO as it adds value to the property on a sale and also it cannot be removed without damaging the property.
I would agree that a CH system is part of the fabric of a property and should not be treated in the same way as a dining suite or a double bed.
But, to my surprise, the Revenue Commissioners say otherwise. See http://www.revenue.ie/en/tax/it/leaflets/it70.html#section3. It mentions among allowable expenses: "Wear and Tear on furniture and fittings, e.g. carpets, cookers, central heating etc." (my emphasis).
appliances, yes
I bought and lived in a house for about 7 or 8 years. I then moved on to another house but rented out the original property.
Obviously for me to live in the house initially I bought lots of fittings e.g. table and chairs, fridge, oven, beds etc. I simply left most of those items in place when I rented the house.
As far as I know I am allowed to place a value on all those items at the time of the first letting and then depreciate this amount over the next 8 years.
Can anyone confirm that this is definitely allowed in cases like this, given that these expenses were incurred prior to the to the property becoming a rental property.
What expenses cannot be claimed for?
http://www.revenue.ie/en/tax/it/leaflets/it70.html#section5
- Pre-letting expenses, i.e. expenses incurred prior to the date on which the premises was first let apart from auctioneer's letting fees, advertising fees and legal expenses incurred on first lettings.