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Posted Wed, 08 May 2024 12:59:36 GMT by Pavanvir Dhaliwal
Hi, We have purchased derelict property and installed electricty connection for £6000. Can you please advise if the cost of electricity connection to be treated as capital improvement or repairs? Thank you.
Posted Wed, 15 May 2024 10:25:57 GMT by HMRC Admin 25 Response
Hi Pavanvir Dhaliwal,
Please have a look at the guidance here:
PIM2030 - Deductions: repairs: is it capital?
To help you make a decision.
We are not able to say yes or no in this case.
You need to make that decision yourself, or seek the advice of a professional, such as an accountant.
Thank you. 

 

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