Quick question please and apologies in advance if the answer should be obvious but here goes anyway.
The depreciation allowance on fixtures and fittings for a buy to let property is 12.5% per year for 8 years. Does this mean 12.5% of the total outlay per year over eight years ( i.e. the same amount each year ) or does it operate on a reducing year by year amount ?????
EG if the total cost of F&F is €10,000.00 then year one is obviously €1250.00 but is year two and each subsequent year the exact same amount or is it €8750.00 x 12.5 = €1093.75 and siminarly reducing as the years progress ????
Any advice appreciated
The depreciation allowance on fixtures and fittings for a buy to let property is 12.5% per year for 8 years. Does this mean 12.5% of the total outlay per year over eight years ( i.e. the same amount each year ) or does it operate on a reducing year by year amount ?????
EG if the total cost of F&F is €10,000.00 then year one is obviously €1250.00 but is year two and each subsequent year the exact same amount or is it €8750.00 x 12.5 = €1093.75 and siminarly reducing as the years progress ????
Any advice appreciated