oi2004as

Could you please reply to the question or refer it to someone who can answer? I read your guidance and CA manual before asking. I am asking how the legislation applies to improvement and if you could refer me to this legislation

[Post amended - Admin]

Hi I upgraded my computer which is used 100% for business with new RAM (£50) . This is an improvement of the computer and is capital expenditure. Can I claim a capital allowance for this improvement? I checked the legislation and CAA 2001 s11(4) says that "expenditure is qualifying expenditure if it is capital expenditure ON THE PROVISION OF plant or machinery" In my case the expenditure is on the improvement of the plant or machinery. Could you please advise how the legislation applies in my case? Thank you

When I first time let out my property, AST was for 12 months. Then, when I let out the property next time, AST was for 24 months. Would professional fees associated with the second letting of 24 months be allowable? this question relates to clarifying of PIM2120 "You cannot claim any costs for the first letting or subletting of a property for more than a year" Does it mean "You cannot claim any costs WHEN YOUR first letting or subletting of a property IS for more than a year" or Does it mean "You cannot claim any costs WHEN YOU FIRST let or sublet a property for more than a year (EVEN IF BEFORE THAT YOU RENTED FOR LESS THAN A YEAR). "

Hi There are no answers to my questions in this HS People who read PIM2120 already have read Help Sheets. Could anybody else answer my questions please? 1. Would the agency fee which includes only advertising, conducting viewing and collecting prospective tenants details be tax deductible in the above case by HSNC? This question relates to the face that advertising is deductible but agents are mentioned in Professional fees which are not deductible for the first letting more than 1 year. It is not clear whether agents fee for advertising, conducting viewing and collecting prospective tenants is classified as marketing & advertising (deductible) or professional fees (not deductible) 2 When I first time let out my property, AST was for 12 months. Then, when I let out the property next time, AST was for 24 months. Would professional fees associated with the second letting of 24 months be allowable? this question relates to clarifying of PIM2120 "You cannot claim any costs for the first letting or subletting of a property for more than a year" Does it mean "You cannot claim any costs WHEN YOUR first letting or subletting of a property IS for more than a year" or Does it mean "You cannot claim any costs WHEN YOU FIRST let or sublet a property for more than a year (EVEN IF BEFORE THAT YOU RENTED FOR LESS THAN A YEAR). " I hope this clarifies the questions.

Hi I have 2 related questions 1. Would the agency fee which includes only advertising, conducting viewing and collecting prospective tenants details be tax deductible in the above case by HSNC? 2 When I first time let out my property, AST was for 12 months. Then, when I let out the property next time, AST was for 24 months. Would professional fees associated with the second letting of 24 months be allowable? Thank you