Recovery against tax for installation of new boiler

D

Delta

Registered User
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Hi,
I had recently to replace a boiler which stopped working. The boiler, located in a rented out apartment, is a replacement for one that I had installed many years ago. Can I claim the expenditure in full in this years tax return, or must I claim relief each year @ 121/2%?
Bob
 
My instincts are that it's a capital expense so should be written off over 8 years at 12½%.

The following is taken from here

"Broadly speaking, in calculating your rental expenses you can deduct expenses so long as they-
• are incurred wholly and exclusively for business purposes, and
• are not of a capital nature.

"The following are examples of the type of expenses that may be claimed for:
........................
• Maintenance, i.e., cleaning and general servicing of the premises
• Wear and Tear on furniture and fittings, i.e., carpets, cookers, central heating etc.
• Repairs, i.e., decorating and general upkeep of the property. A ‘repair’ means the restoration of an asset by replacing subsidiary parts of the whole asset.
 
This is a bit of a grey area but FWIW I would agree with @Shirazman.

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