Forgot to include wear and tear in previous return

[Ask the dog]

Hi,

I have a rental property which I have submitted returns for in 2008 and 2009. All fixtures and fittings were bought new when the apartment was first rented in 2008. However, I forgot to include some capital allowance items for wear and tear (wooden and tiled floors) in both these returns (2008, 2009).

Now I am doing my 2010 return and I am adding in the cost of the flooring items which I forgot to include in the previous two years @ 12.5% the original cost (approx 5000 Euro).

My question is: Can I back date the cost of the missing items for the past 2 years and include this in my 2010 return. Thus increasing my capital allowance right off for 2010 i.e. 12.5% x 2 years x 5000 Euro = 1250 (increase in allowance).
Any calification appricated.

 

[badbrian]

In a similar situation. I called my local revenue office and I was told to put it in the unused cap allowances section brought forward.

However I've called Revenue a number of times recently and depending on who you get you can easily get a variety of different answers to the same question (e.g. I was making enquiries about W&T previously and put the same scenario to them i.e. I hadn't claimed W&T for 2009 and I was advised to send in a note to that effect).

I have decided to put them into the unused cap allowances brought forward section, only for the reason that it is less messy in my opinion.

I'm sure if you give your local office a call they can confuse you just as much as they do me!

Regards

Brian

 

[WindUp]

Hi,

I have a rental property which I have submitted returns for in 2008 and 2009. All fixtures and fittings were bought new when the apartment was first rented in 2008. However, I forgot to include some capital allowance items for wear and tear (wooden and tiled floors) in both these returns (2008, 2009).

Now I am doing my 2010 return and I am adding in the cost of the flooring items which I forgot to include in the previous two years @ 12.5% the original cost (approx 5000 Euro).

My question is: Can I back date the cost of the missing items for the past 2 years and include this in my 2010 return. Thus increasing my capital allowance right off for 2010 i.e. 12.5% x 2 years x 5000 Euro = 1250 (increase in allowance).
Any calification appricated.

I dont think floors would be eligible for Wear & Tear Allowances -- Strictly speaking this is enhancement

 

[Eithneangela]

Like the OP, I forgot to claim for depreciation of contents (note: not wear and tear on basics such as flooring) and I submitted a separate note to my tax office and got three individual refunds for the years I had omitted to claim for. You need to be very specific about the claim to simplifiy the process for the tax official.

 

[Gekko]

You're unlikely to be entitled to capital allowances in relation to the flooring in any event.