I did a search on this but couldn't find anything.
I bought an apartment in June 2002, I valued the F&F at €5,300 and because it was prior to 4/12/02 I put it down for 20% over 5 years, I presume then that I should have been putting down €5,300 x 20% up until end of tax year 2006, my query is in 2006 I had to buy a new washing machine, hob, extractor fan etc. so was I right to put down a claim for €5,300 x 20% (year 5 of 5) = €1060 and also €1000 x 12.5% = €125 (year 1 of 8) - then say in 2007 I had to buy a new bed, new headboard, new sofa etc. etc. am I right then to put down a claim for:
€1000 x 12.5% (year 2 of 8)
€1200 x 12.5% (year 1 of 8)
Is that how it works? Or should I have grouped the €1200 expenditure on bed etc. into the €1000 expenditure on washing machine, hob etc. so only ever having one line (year 2 of 8). What happens when the 8 years are up?
Thanks
I bought an apartment in June 2002, I valued the F&F at €5,300 and because it was prior to 4/12/02 I put it down for 20% over 5 years, I presume then that I should have been putting down €5,300 x 20% up until end of tax year 2006, my query is in 2006 I had to buy a new washing machine, hob, extractor fan etc. so was I right to put down a claim for €5,300 x 20% (year 5 of 5) = €1060 and also €1000 x 12.5% = €125 (year 1 of 8) - then say in 2007 I had to buy a new bed, new headboard, new sofa etc. etc. am I right then to put down a claim for:
€1000 x 12.5% (year 2 of 8)
€1200 x 12.5% (year 1 of 8)
Is that how it works? Or should I have grouped the €1200 expenditure on bed etc. into the €1000 expenditure on washing machine, hob etc. so only ever having one line (year 2 of 8). What happens when the 8 years are up?
Thanks